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Investors Fleeing to Bitcoin for Safety Risk Even Steeper Losses

From investopedia.com

Leading cryptocurrency Bitcoin enjoyed a surprising rally in recent weeks, climbing by more than 14% in August as of this writing alongside traditional investment haven gold. Investors have favored the digital coin as they seek safety from broader stock market turbulence. Experts say that investors are looking for shelter in digital assets because cryptocurrencies are easily accessed by traders all across the globe and because they remain free from government meddling and interference, according to a recent in-depth report by Bloomberg. Still, though, Bitcoin is not a guarantee: investors may be in for a shock if the ... (full story)

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  • Category: Fundamental Analysis