Why is Bitcoin falling if it's a 'Safe Haven' asset

2021-9-23 21:30

The last few days haven't been great for Bitcoin, to say the least. Since 19 September, BTC has dropped by as much as 18.15% on the charts, with some minor recoveries unfolding at press time. While thThe post Why is Bitcoin falling if it's a 'Safe Haven' asset appeared first on AMBCrypto.

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haven bitcoin asset falling safe minor recoveries

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Bitcoin (BTC) and Ethereum (ETH) have been the best risk-adjusted assets last year

Back in 2009, when Bitcoin (BTC/USD) was launched, the idea behind it was that it should work as a safe haven for people when the traditional economy starts failing them. After all, BTC was created due to a financial crisis, with its creator, Satoshi Nakamoto, wanting to take the power away from the banks due […] The post Bitcoin (BTC) and Ethereum (ETH) have been the best risk-adjusted assets last year appeared first on Invezz.

2021-6-18 10:50


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Norwegian Billionaire: Bitcoin Becoming Mainstream Is Inevitable — Elon Musk’s Comments ‘Haven’t Changed Anything’

Norwegian billionaire Kjell Inge Rokke says bitcoin becoming mainstream is inevitable. Unlike Tesla, which stopped accepting cryptocurrency, Rokke’s company is now considering accepting bitcoin as a means of payment, emphasizing that Elon Musk’s comments about the cryptocurrency’s environmental issues have not changed anything.

2021-5-16 19:00


Bitcoin Skeptics Busy Talking About Bananas, 2018 Bear Market & Missing Price Discovery

Despite the price of Bitcoin jumping more than 220% this year, billionaire Mark Cuban still isn’t interested in the leading cryptocurrency. “My thoughts haven’t changed,” Cuban told Forbes a week before Bitcoin surged past an all-time high of $20,000 to hit a record $23,800 on Wednesday, in a story that was published Thursday.

2020-12-18 19:47


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Chinese Media: Bitcoin Bull Run Could Be Bearish for Gold and Precious Metals

Chinese state media are predicting further declines for gold and the precious market in general amid a possible parabolic advance for Bitcoin (BTC). Indeed, several market analyses show an increasing pivot away from traditional haven assets like gold towards BTC as investors look to capitalize on the top-ranked crypto by market capitalization reaching new heights.

2020-12-14 16:45


JP Morgan believes that crypto adoption by institutional investors is just beginning

Bloomberg recently shared the opinion of JPMorgan analyst Nikolaos Panigirtzoglou, who said Bitcoin would attract even more investment as a safe haven asset. In a recent report, a financial holding analyst claimed that financial institutions and wealthy people are starting to pay more attention to Bitcoin and buy the asset.

2020-12-12 21:24


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Why Bitcoin Is Unlikely To Ever Experience Another March-Like 50% Price Drop

This year has undeniably turned out to be bitcoin’s year. Despite the coronavirus pandemonium, no asset class has served as a better hedge against inflation, an ideal safe haven than bitcoin. Moreover, the flagship cryptocurrency is the top-performing asset in terms of returns after bouncing back from the March coronavirus-induced crash.  One analyst is noting […]

2020-11-19 16:57


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Vaccine News Strikes Blow to Safe Haven Assets; Potentially Impacting Bitcoin

The global stock markets are rocketing today on news that a vaccine that would put an end to the ongoing pandemic has 90% effectiveness This news signals that it may only be a matter of months before things start going back to normal, which means a reduction in government spending and economic turbulence Naturally, this is a bad thing for safe haven assets, with today’s news sending the price of gold nosediving Bitcoin has seen […]

2020-11-9 21:00