Bitcoin Valued as Financial "Safe Haven" Compared to Other Major Currencies
Bitcoin has a fair amount of mainstream critics and “haters” when it comes to its value and relevance as a globally traded currency. Some of this is borne out of an equal amount of fear and ignorance of what Bitcoin is and represents, while a portion is also based, legitimately, on recent events like the Hash Ocean collapse. Be that as it may, Bitcoin has proven to be quite valuable and relevant to those looking to protect their wealth under these ever more turbulent economic times. People stop snickering at Bitcoin when they actually do the research and discover the impressive value the....
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The relative stability of Bitcoin during periods of geopolitical uncertainties has allowed the digital currency to be considered by investors as a safe haven for the preservation of their wealth. Two major events in 2016 that quickly come to mind when considering the geopolitical risks borne by holders of fiat currencies, stocks, commodities and other financial elements are Brexit and the US elections. The fallout from these events saw the nations’ currencies and stocks plummet within very short periods of time. Safety first. One of the most critical factors that investors consider is the....
There has been a lot of talk about investors looking to Bitcoin as a safe haven for their investment portfolio. Safe haven markets are very small and hard to get into. Bitcoin may not fit that bill as perfectly as some people think it does. Now that the Brexit doom scenario has happened, there is a lot of uncertainty across the markets. Gold is surging,....
During times of financial crisis, gold prices typically skyrocket as traders move their money to safe-haven assets. In the latest Greek debt fiasco, however, the price of the precious metal has barely moved while bitcoin has surged in the past weeks. There's no doubt that the financial concerns surrounding the Greek debt crisis have started to weigh on equities and other higher-yielding assets all over the globe. What's interesting, though, is that the flight to safety seems to have favored digital currencies rather than the traditional safe-havens. Digital Currencies and Greece. One....
A few weeks ago, Devere Group CEO and founder Nigel Green said that he believed the U.S. election would bolster the price of bitcoin. Speaking with the financial broadcast MoneyFM on Monday, Green said he also believes that bitcoin will replace gold as the ultimate financial safe haven within the timespan of a generation. Devere Group CEO Nigel Green is a big believer in crypto assets like bitcoin (BTC) and he’s been more vocal about his forecasts in recent days. Last August, news.Bitcoin.com reported on Green explaining why he thinks the U.S. presidential election would have....
Here's what impact the Brexit poll has had on the bitcoin price, and how we are going to respond to the vote from a trading perspective. So it looks as though the UK is set to leave the European Union, after its people voted in a slim, but important, majority on the side of the leave campaign. We have said a few times that bitcoin might play a part as a safe haven asset. On a few occasions over the past couple of years, this has proven accurate. Price has gained a global economic uncertainty pushes people to transfer value from one asset, a riskier one, to another, a safer one.....