It’s important to have somewhere safe to park your money. That’s why there are “safe haven assets” that investors flock to at times distress like gold, high-rated government bonds and, of course, bitcoin.

Bitcoin is a special kind of safe haven, though. Because whereas other safe havens tend to show negative correlations with so-called ‘risk’ assets like stocks or oil or high-yield bonds, bitcoin tends to show no correlation to anything.


Bitcoin Fundamentals

Isn’t bitcoin meant to be a safe haven, is there a use case?
(apart from other cryptocurrencies)———
#Bitcoin #Cryptocurrency #Blockchain #BTC #ETH #Enjin #Tomochain #Electroneum #Cardano

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NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.