Source: https://bitcoinira.com/bitcoin-safe-haven/

Bitcoin Safe Haven: 5 Times Bitcoin Performed

Global markets are always affected by macroeconomic issues that majorly impact a particular country or region. Many a times, mere speculation about an impending event causes volatility and moves the markets significantly. Whenever this happens, investors scurry to find a safe haven so as to move their investments and shield themselves from the negative impact of the event. Traditionally, gold has been the safe haven whenever there was a massive shift in the trading prices. But this bubble was burst with the ‘Oil Slump’ of 2014, where the fall in oil prices affected other commodities. Gold and other precious metals marked historic lows and the market participants were left with limited options to safeguard their assets.

The introduction of crypto-currencies and their increasing trading volumes (especially Bitcoin), caught the eyes of many investors. They proceeded to diversify their portfolios using Bitcoin as a major instrument. This could be substantiated from the trading prices of Bitcoin during the oil slump which experienced a short term boost. This happened time and again when there was an imminent threat to any economy which could have an impact globally. Let us look at five such instances when Bitcoin was looked at as a good stand in investment.

Read More...