Bitcoin As A Safe Haven Asset: An Evaluation

Written by nbxcom | Published 2020/10/08
Tech Story Tags: bitcoin | money | cryptocurrency | bitcoin-spotlight | bitcoin-adoption | gold-as-a-safe-haven | hackernoon-top-story | good-company

TLDR A safe haven is defined as something of value that rises when it is not in a recession. Gold is a good example of this, but it's not always consistent with rising prices. In the 1980s, the price of gold was at an all-time high, and in the 1990s, it was in the form of a safe haven. The price of Bitcoin has risen since the start of the year, but the value of the currency has declined since then. The value of gold has declined in recent years, but in the past year it has kept rising.via the TL;DR App

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Written by nbxcom | NBX is a pioneering Norwegian #Bitcoin and other cryptocurrency exchange.
Published by HackerNoon on 2020/10/08