{"id":388625,"date":"2019-07-04T01:00:23","date_gmt":"2019-07-04T01:00:23","guid":{"rendered":"https:\/\/ktsl888.com\/?p=388625"},"modified":"2024-06-11T07:08:13","modified_gmt":"2024-06-11T07:08:13","slug":"bitcoin-gold-safe-haven-asset","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-gold-safe-haven-asset\/","title":{"rendered":"Prominent Investor: Mainstream Finance Is Now Considering Bitcoin As a Safe Haven Asset"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Over the last month as trade tensions between the United States and China heat up, adding pressure to an already delicate global economic fabric, <a href=\"https:\/\/ktsl888.com\/2019\/06\/21\/crypto-peter-schiff-gold-bitcoin\/\">both gold and Bitcoin have began to take off and rally<\/a>.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">However, it\u2019s not just gold and Bitcoin, it\u2019s actually other safe haven assets such as Swiss francs or the Japanese yen as well \u2013 two foreign exchange currencies that often are looked to for their stability. It\u2019s caused one prominent investor to suggest that mainstream finance is finally starting to look at Bitcoin in the same light \u2013 as a potential safe haven asset during times of economic turmoil, joining the ranks of many other assets that are often used as a flight to safety<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Bitcoin Earns Seat at King\u2019s Table of Highly Regarded Safe Haven Assets<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">During times of economic growth, investors look to high-risk assets such as stocks, and other emerging markets. When the opposite occurs and the global economy begins to decline or enter a recession, investors often turn to safe haven assets such as gold, Japanese yen, or the Swiss franc \u2013 all highly regarded for their general stability.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/ktsl888.com\/2019\/07\/03\/btc-gold-bitcoin-price-rise\/\">BTC and Gold Showing Correlated Moves, Will Bitcoin Price Rise From Here?\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">According to prominent investor Ari Paul, Bitcoin is now begun \u201cgradually entering the mainstream financial discourse,\u201d suggesting that more <a href=\"https:\/\/www.ft.com\/content\/f7643858-98f8-11e9-9573-ee5cbb98ed36\" rel=\"nofollow\">mainstream investors from traditional financial markets<\/a> outside of the emerging crypto market, are finally starting to take notice of Bitcoin&#8217;s unique attributes that potentially make it a safe haven asset unlike the world has ever seen before.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin as a potential &quot;safe haven&quot; asset is gradually entering the mainstream financial discourse.  <a href=\"https:\/\/t.co\/vKybSvOjou\" rel=\"nofollow\">https:\/\/t.co\/vKybSvOjou<\/a><\/p>\n<p>&mdash; Ari Paul \u26d3\ufe0f (@AriDavidPaul) <a href=\"https:\/\/twitter.com\/AriDavidPaul\/status\/16731136?ref_src=twsrc%5Etfw\" rel=\"nofollow\">July 3, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>While the evidence is in the price charts themselves, with each of the safe haven assets showing some correlation between each other, there are still many naysayers.\u00a0 <a href=\"https:\/\/ktsl888.com\/2019\/06\/21\/crypto-peter-schiff-gold-bitcoin\/\">Peter Schiff recently called Bitcoin&#8217;s rally nothing more than a sucker&#8217;s rally<\/a>, despite the two assets rising in almost the same exact manner.<\/p>\n<h2>But is BTC Too Risky To Become a Safe Haven Asset?<\/h2>\n<p>Because of Bitcoin&#8217;s notorious volatility, and its ability to suck in investors via a bubble that later pops and eliminates most of the gains investors earned, most see the asset as far too risky to ever be considered something that is &#8220;safe&#8221; during economic distress. With investors fleeing the stock market over increased fears, entering a market that just saw 85% of its value washed away doesn&#8217;t sound like anyone with financial market experience would do if they are looking to avoid risk at all costs.<\/p>\n<p>Or maybe the 85% decline helped make <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> even more attractive for investors looking for a safe haven. Not only does Bitcoin share the same scarcity as \u2013 and does it even better than \u2013 gold, it also offers far more benefits and its supply is mathematically hard capped via computer code. <a href=\"\/tag\/gold\" rel=\"nofollow\">Gold<\/a> on the other hand can be mined right from the ground \u2013 at what limit, no one knows. There may even be an <a href=\"https:\/\/ktsl888.com\/2019\/06\/29\/nasa-asteroid-gold-bitcoin-space\/\">asteroid floating in space with so much gold<\/a> it could render all of the gold here on Earth virtually worthless if its ever tapped into.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/ktsl888.com\/2019\/07\/02\/edward-snowden-bitcoin-freedom-permissionless\/\">Edward Snowden on Crypto and Privacy: Bitcoin is Freedom Because It\u2019s Permissionless<\/a><\/strong><\/em><\/p>\n<p>Bitcoin&#8217;s deflationary design coupled with increased economic fears and the fact its coming off a major retrace and has brought investors unheard of gains each time it does so, makes Bitcoin even more attractive as a safe haven, as it could not only protect capital, it could go on to make those who chose it as their safe haven of choice extremely wealthy.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the last month as trade tensions between the United States and China heat up, adding pressure to an already delicate global economic fabric, both gold and Bitcoin have began to take off and rally. However, it\u2019s not just gold and Bitcoin, it\u2019s actually other safe haven assets such as Swiss francs or the Japanese yen as well \u2013 two foreign exchange currencies that often are looked to for their stability. It\u2019s caused one prominent investor to suggest that mainstream finance is finally starting to look at Bitcoin in the same light \u2013 as a potential safe haven asset during times of economic turmoil, joining the ranks of many other assets that are often used as a flight to safety Bitcoin Earns Seat at King\u2019s Table of Highly Regarded Safe Haven Assets During times of economic growth, investors look to high-risk assets such as stocks, and other emerging markets. When the opposite occurs and the global economy begins to decline or enter a recession, investors often turn to safe haven assets such as gold, Japanese yen, or the Swiss franc \u2013 all highly regarded for their general stability. Related Reading | BTC and Gold Showing Correlated Moves, Will Bitcoin Price Rise From Here?\u00a0 According to prominent investor Ari Paul, Bitcoin is now begun \u201cgradually entering the mainstream financial discourse,\u201d suggesting that more mainstream investors from traditional financial markets outside of the emerging crypto market, are finally starting to take notice of Bitcoin&#8217;s unique attributes that potentially make it a safe haven asset unlike the world has ever seen before. Bitcoin as a potential &quot;safe haven&quot; asset is gradually entering the mainstream financial discourse. https:\/\/t.co\/vKybSvOjou &mdash; Ari Paul \u26d3\ufe0f (@AriDavidPaul) July 3, 2019 While the evidence is in the price charts themselves, with each of the safe haven assets showing some correlation between each other, there are still many naysayers.\u00a0 Peter Schiff recently called Bitcoin&#8217;s rally nothing more than a sucker&#8217;s rally, despite the two assets rising in almost the same exact manner. But is BTC Too Risky To Become a Safe Haven Asset? Because of Bitcoin&#8217;s notorious volatility, and its ability to suck in investors via a bubble that later pops and eliminates most of the gains investors earned, most see the asset as far too risky to ever be considered something that is &#8220;safe&#8221; during economic distress. With investors fleeing the stock market over increased fears, entering a market that just saw 85% of its value washed away doesn&#8217;t sound like anyone with financial market experience would do if they are looking to avoid risk at all costs. Or maybe the 85% decline helped make Bitcoin even more attractive for investors looking for a safe haven. Not only does Bitcoin share the same scarcity as \u2013 and does it even better than \u2013 gold, it also offers far more benefits and its supply is mathematically hard capped via computer code. Gold on the other hand can be mined right from the ground \u2013 at what limit, no one knows. There may even be an asteroid floating in space with so much gold it could render all of the gold here on Earth virtually worthless if its ever tapped into. Related Reading | Edward Snowden on Crypto and Privacy: Bitcoin is Freedom Because It\u2019s Permissionless Bitcoin&#8217;s deflationary design coupled with increased economic fears and the fact its coming off a major retrace and has brought investors unheard of gains each time it does so, makes Bitcoin even more attractive as a safe haven, as it could not only protect capital, it could go on to make those who chose it as their safe haven of choice extremely wealthy. &nbsp;<\/p>\n","protected":false},"author":517,"featured_media":387661,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[13349,428,2209,46559,46558],"class_list":["post-388625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-ari-paul","tag-bitcoin","tag-gold","tag-japanese-yen","tag-swiss-franc"],"acf":[],"yoast_head":"\n<title>Prominent Investor: Mainstream Finance Is Now Considering Bitcoin As a Safe Haven Asset<\/title>\n<meta name=\"description\" content=\"Bitcoin is now being considered alongside gold, the Japanese yen, the Swiss franc, and gold as safe haven assets during economic turmoil.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/bitcoin-gold-safe-haven-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prominent Investor: Mainstream Finance Is Now Considering Bitcoin As a Safe Haven Asset\" \/>\n<meta property=\"og:description\" content=\"Bitcoin is now being considered alongside gold, the Japanese yen, the Swiss franc, and gold as safe haven assets during economic turmoil.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/bitcoin-gold-safe-haven-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-04T01:00:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:08:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/bitcoin-price-btc-dominance-crypto-shutterstock_1298775229.jpg?fit=4195%2C2796\" \/>\n\t<meta property=\"og:image:width\" content=\"4195\" \/>\n\t<meta property=\"og:image:height\" content=\"2796\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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