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Bitcoin Joins The Ranks Of 'Safe Haven' Assets

From forbes.com

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. At least, that’s what seems to have been the case in recent weeks as the US-China trade war raised global uncertainties, says Reinersten. “The devaluation of China’s yuan has just hit an 11-year low against the ... (full story)

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  • Category: Fundamental Analysis