BTC: Safe Haven Asset?

  • 3 Reasons Bitcoin Is Turning Into a Global Safe Haven for Investors

    Let’s take a look why Bitcoin price is rising as a result and why investors are increasingly considering taking shelter in Bitcoin.

    Aug 9, 2019
  • Bitcoin Outshines Gold Amid Risk Aversion in Financial Markets

    Bitcoin is outperforming gold amid heightened uncertainty in the global markets.

    Aug 9, 2019
  • Bitcoin Indicator Flashes a Buy Just as Haven Narrative Falters

    Just as investors begin to question the logic of Bitcoin serving as a refuge amid global financial-market turmoil, a gauge followed by technical analysts suggests there could be more gains ahead. Based on the GTI VERA Convergence Divergence Indicator, which detects positive and negative trends, the largest cryptocurrency has generated a new buy signal based on its weekend trading, which saw prices surge. It’s the first buy signal since June when looking at this indicator and could potentially signal new highs are ahead. The tide is rising for Bitcoin compared with other risk assets, said Mike McGlone, an analyst with Bloomberg Intelligence. “Bitcoin should remain a primary beneficiary of growing demand for its store-of-value, quasi-currency asset properties, similar to gold,” he wrote in a note. “Favorable macroeconomic fundamentals — plunging bond yields and rising stock-market volatility — appear to have endurance and should further differentiate Bitcoin from other crypto assets.” Global markets were rocked on Monday after China devalued its currency in response to the Trump administration’s threat to impose new 10% tariffs on the Asian nation’s goods. Bitcoin, and other digital…

    Aug 8, 2019
  • Bitcoin Is Not a Safe Haven Asset

    Risk assets across the world slumped after President Donald Trump threatened to impose a 10% tariff on Chinese imports that weren’t yet subject to levies. China responded on Monday, letting the yuan tumble to its weakest in more than a decade and asking state-owned firms to stop importing U.S. agricultural products. The Chinese trade dispute escalation is just one point on a growing list of geopolitical disruptions worldwide: Tensions are rising between the U.S. and Iran over its seizure of foreign oil tankers in the Persian Gulf. Uncertainty is also flaring in India, where the government scrapped the special status for a troubled state. In the U.K., analysts are warning of the potentially disastrous consequences of a no-deal Brexit. That’s allowed investors to seek shelter elsewhere, including digital assets. Piling into digital assets when markets are rocked is a relatively new phenomenon. In times of turbulence, investors typically park money in assets such as U.S. Treasuries, which are government-backed, or gold, which is seen as a hedge against inflation and a weakening dollar. Buying the Japanese yen is also a classic…

    Aug 7, 2019
  • Prominent Investor: Mainstream Finance Is Now Considering Bitcoin As a Safe Haven Asset

    Over the last month as trade tensions between the United States and China heat up, adding pressure to an already delicate global economic fabric, both gold and Bitcoin have began to take off and rally. However, it’s not just gold and Bitcoin, it’s actually other safe haven assets such as Swiss francs or the Japanese yen as well – two foreign exchange currencies that often are looked to for their stability. It’s caused one prominent investor to suggest that mainstream finance is finally starting to look at Bitcoin in the same light – as a potential safe haven asset during times of economic turmoil, joining the ranks of many other assets that are often used as a flight to safety Bitcoin Earns Seat at King’s Table of Highly Regarded Safe Haven Assets During times of economic growth, investors look to high-risk assets such as stocks, and other emerging markets. When the opposite occurs and the global economy begins to decline or enter a recession, investors often turn to safe haven assets such as gold, Japanese yen, or the Swiss franc –…

    Jul 4, 2019
  • Bitcoin as a Haven Asset: Investors De-Risking Portfolios Following Dovish Monetary Policies

    James Turk of Goldmoney says investors are de-risking their portfolios by pivoting away from bonds and stocks into assets like bitcoin and gold.

    May 16, 2019
  • Bitcoin Emerges As a Global Hedge While Stocks Tumble in US-China Trade War

    KEY POINTS Bitcoin was up as much as 15% Monday as major global markets reacted negatively to an ongoing trade war. A rally in the world’s first and largest cryptocurrency this month has coincided with a tick down in the Chinese Yuan. “If you were in China and you wanted to diversify, it would seem logical that bitcoin would be a short term alternative,” says Andy Brenner at National Alliance. Bitcoin is making its case an uncorrelated, safe-haven asset while mainstream markets tumble. The world’s largest cryptpcurrency was up as much as 15 percent on Monday, hitting a high of $7,946.01, according to data from industry site CoinDesk.? Meanwhile, U.S. equity markets were headed in the other direction. The Dow Jones Industrial Average?fell as much?as 696 points Monday and was on track for its biggest one-day loss since January. The sharp decline for stocks came after news that China would raise tariffs on roughly $60 billion of U.S. goods in an ongoing trade war between the world’s largest economies. Stocks in mainland China also dragged lower Monday while the Chinese…

    May 14, 2019

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