Not exact matches
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.
But from what we have seen, BTC can be considered
as a safe
haven cryptocurrency.
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.
Venezuelans Are Seeking a
Haven in Crypto Coins
as Crisis Rages Bitcoin will make much more people millionaires This Platform Claims to be Venezuela's First Regulated Bitcoin Exchange — Moneycoin Cashless Sweden Will Host its First Major
Cryptocurrency & Blockchain Conference
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.
Perhaps Nevada will become a
haven for blockchain and
cryptocurrency in the same vein
as Silicon Valley of California became a breeding ground for technological development.
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.
The decree notably gives
cryptocurrency enthusiasts tax breaks and legal incentives,
as its goal is to help turn Belarus into an international tech
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.