“Risk sentiment turned a bit more cautious due to a new spike in Covid cases worldwide.
During that time, bitcoin tumbled from its new all-time highs of nearly $65,000 to below $50,000.
Since then, bitcoin recovered somewhat and is now trading above $54,000.
“Bitcoin gave ground to other cryptocurrencies such as ether and altcoins.
“Traditional long-term stores of value such as gold, art, diamonds, wine and collectibles all have value and use beyond being stores of value,” Currie said.