Tag Archives: haven

Gold Proves Its Mettle as Bitcoin Sheds Haven Status

Oh, Bitcoin. Your problem was never that you were too unpredictable. It was always that you weren’t unpredictable enough. Bitcoin was never really going to cut it as a true currency. Its astronomical volatility — which is a problem if you want certainty about the value of your transactions or wealth — means that the likes of the […]

Bitcoin dropping alongside global stock markets, discrediting theory it would be a safe haven

Bonds, as measured by the iShares 20+ Year Treasury Bond Exchange-Traded Fund (TLT), are falling, down 2.58 percent for the year so far. That’s still far less than bitcoin. Finally, bitcoin’s latest decline shows it is quite correlated to major financial assets, in contrast to digital currency enthusiasts who have touted cryptocurrencies as an investment […]

Japan turns into cryptocurrency haven as others crack down- Nikkei Asian Review

TOKYO — Japan is fast turning into the world’s top haven for cryptocurrencies, drawing benefit from a broader clampdown in China and South Korea on the main digital currency, bitcoin. Authorities in Tokyo are walking a tightrope between protecting consumers and preserving Japan’s own reputation for innovation. But some fear the reluctance to tighten the rules on bitcoin […]

Bitcoin fails as a haven amid fears of nuclear conflict between US and North Korea — Quartz

Bitcoin—the biggest and best known cryptocurrency—is falling along with stocks and other assets following a provocative nuclear test by North Korea over the weekend. If you believe non-state-controlled digital currencies are the havens of the future, traders aren’t treating bitcoin like one today. Gold and even the Japanese yen (Tokyo is about 800 miles from […]

Is Bitcoin ready to steal the safe haven status from gold?

There’s an old stock market saying; “put 10% of your wealth into gold and hope it goes down”. James Trescothick, Senior Global Strategist at easyMarkets, talks to FX-MM about the new contender to gold’s safe haven status. This saying underlines the well-known fact that when gold rises in value it indicates that other assets are […]

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