Over the past year or more the global economy has had turbulent times within traditional markets. Some would attribute this to many countries around the world such as Greece, and Venezuela faltering with debt, but some would say the popping of the Chinese stock market bubble on June 12, 2015, was truly the catalyst for our current volatile economy. During these unsettling times investors all around the globe search for better hedges and safe havens such as gold and now Bitcoin to protect their wealth.
Investors Worldwide Are Hearing About Bitcoin’s Safe Haven Attributes
It’s become apparent this year over the past six months that Bitcoin is on a tear and has been increasing in value steadily against many sovereign fiat currencies. So with all the volatility happening within the economy investors worldwide who are searching for an instrument that retains its value have probably heard about the cryptocurrency. Typically certain currencies have been called a safe haven over the years most notably the Yen, and the U.S. dollar. However, those times have changed over the past couple of years as both fiat currencies
Read more ... source: LiveBitcoinNews
Advertise on the Bitcoin News
Do you like The Bitcoin News ? Thank you for Support us !