Hmmm… I vividly remember someone said this three years ago, no?
Hehehe…
Like Gold, Bitcoin is Becoming the Ultimate Safe Haven Investment
The relative stability of Bitcoin during periods of geopolitical uncertainties has allowed the digital currency to be considered by investors as a safe haven for the preservation of their wealth.
Two major events in 2016 that quickly come to mind when considering the geopolitical risks borne by holders of fiat currencies, stocks, commodities and other financial elements are Brexit and the US elections. The fallout from these events saw the nations’ currencies and stocks plummet within very short periods of time.
Safety first
One of the most critical factors that investors consider is the safety of their investment. During periods of anticipated volatility, holders of local investments usually seek a safe haven for their wealth and value preservation.
Recent events have shown that, like gold, Bitcoin is gradually assuming the role of a run-to hideout for value preservation.
Michael Vogel, CEO of Netcoins, says:
“In some circles Bitcoin is still considered a high-risk investment vehicle, while others consider Bitcoin to be the ultimate safe haven investment.”
Digital currencies like Bitcoin were built from the ground up and designed for the era of information. Bitcoin allows value to be transacted directly, peer to peer, without an intermediary, hence it is not bound by any particular political jurisdiction……
Read More : Like Gold, Bitcoin is Becoming the Ultimate Safe Haven Investment