Industry analysts and researchers have noted that the narrative for buying safe haven assets such as Bitcoin or gold will only strengthen as cash and bonds are earning near-zero yields. Bitcoin prices reclaimed their record high of just over $24,000 a few hours ago indicating that the rally has yet to run out of steam.
Many members of the cryptocurrency community have been viewing Bitcoin as a safe haven asset. However, a Professor from South Korean and the Chairman of Forbes Inc. call out Bitcoin’s volatile nature. Is Bitcoin Cut Out To Be A Safe Haven Asset? It’s been more than a decade since Bitcoin hit the market. Touted as
Has or Hasn’t Bitcoin [BTC] answered the Safe-Haven Call? Last year, Bitcoin [BTC] price rose from $4200 to $14,000 beginning the correlation with gold, in the face of the US-China Trade War. Currently, it stands a bigger confluence level that last year with the COVID-19 crisis. Moreover, in April the sentiments of the traders were
Bitcoin (BTC) performance has been superb in the last trading week. The world’s most valuable digital asset is setting standards and literally anchoring the cryptocurrency market given its role. In the last trading day, the coin is up 3%, pushing weekly gains to over 8%. Because of this, BTC is up $1,200 in three days.
Gold and Bitcoin prices are turning bullish as China struggles to contain the Coronavirus. The death toll due to the virus keeps on increase, reportedly, over 80 now. Patients of the epidemic have been reported across 15 countries including South Korea, California in the US, Thailand, Pakistan and so on. The condition is strongly affecting
Bitcoin (BTC) indicators signal a price revival that will see price surge, retesting its all-time highs of $20,000 by July 2020. This is the review of one swing trader and technical analyst who took to Twitter, laying down his reasons. Benefits from its Safe Haven Status Behind this optimism are several fundamental and technical developments.
A number of analysts have come forward to dismiss the overall effect of US-Iran tensions on Bitcoin’s recent spike. Nonetheless, mainstream media took to the narrative of Bitcoin being a safe haven asset during the US-Iran tensions raising the question; is Bitcoin (BTC) really a safe haven asset in times of war? “Innocent and desperate
Bitcoin price plunged below $9000 mark yet again. What looked like a possible break above $10,000, has turned into longer days of consolidation. The narrative for Bitcoin [BTC] investment has taken many shapes and forms over the years. After its failure as a payment mechanism in 2016-2017, the ‘safe haven‘ narrative has become wildly popular.
Bitcoin [BTC] is an emerging global asset. Due to its uncorrelated (decentralised) nature, it is slowly gaining the status quo of ‘safe haven.’ However, volatility has always been its Achilles heel. Bitcoin’s price fluctuations are tremendous and it often creates FOMO or panic for its investors. Moreover, trading in Bitcoin [BTC] follows no particular pattern
The relatively positive perception change from China on Bitcoin came as positive news last month. The Chinese legal system recognized Bitcoin as a virtual property and then the Central Bank issue an info-graphic about it. Moreover, the devaluation of the Chinese currency is continually affected the purchasing power of citizens. However, the narrative of Bitcoin as
‘Correlation does not imply causation’ is a famous phrase with economic experts and traders. It refers to the discrepancy in the cause that assets classes seem to project at times. Bitcoin’s gains in the last couple of months have been attributed to the US-China Trade War. What led to the debate? Moreover, the recent plunge
While Gold vs. Bitcoin is one of the hottest debate of the recent time. Its emergence can be attributed to the fact that investors are looking for a safe haven in apprehended tumultuous times in the world economy. While the proponents of Bitcoin hail it as a boon, Gold investors have completely bashed the theory