Sentences with phrase «as a safe haven cryptocurrency»
But from what we have seen, BTC can be considered as a safe haven cryptocurrency.
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Bitcoin jumped nearly 6 percent on Thursday, as the token has often been seen as a «safe haven» in the cryptocurrency market.
Findings suggest that cryptocurrencies can be useful as a portfolio diversifier, and can offer investors a safe haven.
That should mark the US as a safe haven for Bitcoin and cryptocurrency trading and benefit American investors who look to Bitcoin to boost the value of their investment and retirement portfolios.
Crypto investors can also trade Apple, Amazon and Facebook shares, as well as gold and oil on our platform and diversify their portfolios with blue chips, safe haven assets and commodities, using cryptocurrencies.
«Cryptocurrencies are seen as a safe haven asset now from global macroeconomic events such as currency devaluation or even events like the «Brexit».»
Furthermore, bitcoin's volatility has tapered off as a result of its maturation, coupled with the evolving narrative that the cryptocurrency is a safe - haven asset.
Several analysts, including Joe Lee, founder of leveraged bitcoin trading platform Magnr, emphasized bitcoin's role as a safe - haven asset to explain the significant volatility the cryptocurrency experienced before and after the Brexit referendum.
Recent volatility has left many crypto investors not only bloodied and bruised but concerned about the overall future of cryptocurrencies as a safe haven asset like Satoshi Nakamoto envisioned.
The war of words between the U.S. and North Korea in August raised the demand for cryptocurrencies at the expense of traditional «safe» havens such as U.S. Treasuries and gold.
Like stocks and commodities, cryptocurrencies are highly speculative and risky assets, while investors always rush towards safe - haven assets such as gold and bonds during the period of high volatility.
Now, however, investors point to the use of gold as a safe - haven asset, arguing that Bitcoin serves the same purpose in cryptocurrency markets.
In the long - term, as cryptocurrencies mature and evolve into a major asset class, Pandl noted that digital currencies like bitcoin will pose lower returns but demonstrate a high level of stability, like gold and other safe haven assets.
There is the threat of shifting operations to friendlier jurisdictions, that have a more positive attitude towards cryptocurrencies and that may act as a safe haven.
Most focused on the tax element — blockchain projects based in the state would have to pay $ 0.01 per token mined, traded or transferred — but missed the main point of the legislation, which was to set Vermont up as a safe haven for cryptocurrency projects.
Thiel touts the No. 1 cryptocurrency for its size and its ability to compete with gold as a safe haven, saying at the Economic Club of New York:
Cryptocurrencies tend to attract safe - haven flows then as traders move away from more traditional assets like stocks and commodities.