Bitcoin Joins The Ranks Of ‘Safe Haven’ Assets
“Bitcoin recently joined the ranks of safe haven assets, according to Chris Reinertsen, Chief Marketing Officer of Rhythm Technologies.
Safe haven assets are assets where investors park their cash at time of rising global uncertainties, as they flee risky assets like stocks.
Traditionally, US Treasuries, gold, and the Swiss Franc have been considered safe haven assets. And more recently, so has Bitcoin.”