Is Bitcoin Still 'Digital Gold'? How Investors See It Now
3/8/202633 min
In this week’s episode of WSJ’s Take On the Week, co-hosts Telis Demos and Miriam Gottfried discuss why a surge in oil prices following U.S. strikes on Iran is fueling fresh inflation fears, and how the potential for a supply shock at the Strait of Hormuz could tie the Federal Reserve’s hands on interest-rate cuts. Next, our hosts analyze why we see some investors rotating back into enterprise software stocks such as Oracle and Adobe, both of which will report earnings in the coming week.
After the break, Marion Laboure, senior...
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First 90 secondsSpeaker 10:00
Access to affordable credit helps me pay my employees, but I don't really need it.
Speaker 20:04
Inflation is killing me. [laughs] But who cares? Big retailers are making record profits. That's why we support the Durbin-Marshall Credit Card Bill.
Speaker 10:14
See, banks and credit unions help small businesses make payroll. This bill would cut the vital resources they need.
Speaker 20:20
While increasing mega store profits. They deserve it, don't they?
Speaker 30:25
[laughs] Tell Congress, stop the Durbin-Marshall money grab for corporate mega stores. Paid for by the Electronic Payments Coalition.
Miriam Gottfried· Host0:31
[upbeat music] Hi, Dallas.
Telis Demos· Host0:34
Hi, Miriam.
Miriam Gottfried· Host0:35
So today's show is interesting because we're gonna be talking about an asset that many have considered in the past to be a safe haven asset, and that's Bitcoin. And I think that's appropriate because we've had a lot of geopolitical turmoil s- uh, this past week.
Telis Demos· Host0:49
No better time for safe havens than with what's going on these days.
Miriam Gottfried· Host0:53
But is Bitcoin a safe haven? That's something that we will discuss later in the show.
Telis Demos· Host0:57
Yeah. It's a super interesting question. Um, but of course, what's right now kind of occupying everybody's minds in the market, uh, probably will be for the next couple of weeks if timelines play out as expected, is Operation Epic Fury, the US' strikes on Iran, and the resulting kind of fallout throughout the Mid East region. So off the bat, uh, stocks have not had, I would say, overall an enormous reaction thus far. There were some up days, some down days. Um, and surprisingly, that's