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Argentina Allows Banks to Open Yuan Accounts — Economist Says It Could Boost Chinese Currency as Safe Haven Alternative to US Dollar
2.7.2023
The central bank of Argentina has officially included the Chinese yuan as a recognized currency for making deposits in bank accounts. “Opening yuan accounts could attract more people and enterprises to exchange Argentinian peso to yuan, as more or less a ‘safe haven’ currency, instead of exchanging...
Bitcoin Price Prediction as US Debt Default Looms – Is BTC a Safe Haven?
22.5.2023
As the possibility of a US debt default looms, the Bitcoin price prediction gains increased attention.
With the potential turmoil in the financial markets, investors are looking for safe-haven assets to protect their wealth.
Bitcoin, as a decentralized and borderless digital currency, has been...
Joseon: Finally, Cryptocurrency Has a Safe Haven
11.5.2023
The cryptocurrency industry has faced significant regulatory challenges in recent years, with the SEC and CFTC taking action against various projects, including sending Wells notices to Coinbase. Amidst this regulatory landscape, the concept of sovereignty and international law has become...
Bitcoin's Tight Correlation With Tech Stocks Muddies Safe Haven Narrative
6.4.2023
Bitcoin continues to move in lockstep with the Nasdaq to S&P 500 ratio. The positive correlation suggests bitcoin is still a risk asset
Bitcoin Is Still in Its ‘Safe Haven Period’: Analyst
30.3.2023
Bitcoin (BTC) rose over $28,000 on Thursday, rallying over 15% in the past two weeks. Mark Connors, 3IQ head of research, is attributing the most popular cryptocurrency‘s rise to the uncertainty in the banking sector
Bitcoin Emerges as Safe Haven as Traditional Finance Faces Turmoil
22.3.2023
Conflicting data creates the question of how the Fed will react to both rising inflation and failing banks - and whether bitcoin will be a lifeboat
Crypto acted as safe haven amid SVB and Signature bank run: Cathie Wood
16.3.2023
Cathie Wood said the ongoing baking crisis is a total Fed policy failure and could have been averted with crypto’s decentralized solutions
US Dollar to Keep Losing Its Appeal as Safe-Haven Currency of Last Resort, Says Strategist
8.2.2023
Pacific Investment Management Company (PIMCO) expects the U.S. dollar to “continue to lose its appeal as the safe-haven currency of last resort.” The $1.74 trillion asset management firm added that the USD “is likely to fall further in 2023 as inflation falls, recession risks...
Gold vs BTC correlation signals Bitcoin becoming safe haven: BofA
25.10.2022
Bitcoin’s growing correlations with gold, S&P 500 and Nasdaq 100 indicate that investors see BTC as a “relative safe haven,” BofA strategists wrote
Bitcoin’s Rising Correlation With Gold Indicates Investors See It as a Safe-Haven, Says Bank of America Market Strategists
24.10.2022
Amid the economic uncertainty affecting a myriad of countries worldwide, Bank of America Securities market strategists explained in a note this week that the leading crypto asset bitcoin has been correlated with the well known precious metal gold. Bank of America analysts Alkesh Shah and Andrew...
‘There Are No Safe Havens' When the Dollar Is Strong, Veteran Trader Says
27.9.2022
The U.S. dollar is soaking up global liquidity, so “everything else is starved,” Glen Goodman, a longtime trader and author, said on CoinDesk TV’s “First Mover.”
NFT Market Cools Down As Ukraine War Pushes Investors Toward Safe-Haven Assets
8.3.2022
Trading in non-fungible tokens (NFTs) plummeted in recent days as geopolitical tensions and rising uncertainty pushed investors toward safe-haven assets.
Daily trading volume across major NFT marketplace OpenSea hit USD 50.8m on Saturday, down from a local all-time high of USD 247.8m reached...
A Surge in Energy Prices Raises Dollar Value, Prompting Safe-Haven Flows
8.3.2022
As the United States of America, along with Europe and its allies, plans to ban the import of crude oil from Russia, investors have begun to weigh its impact on the global economy. As it turns out, the US Dollar has gained its value in the global market, whereas Euro has lost its charm. According...
First Mover Americas: Traders Prefer Gold, Fiat Safe Havens Over Bitcoin as Russia Goes to War
24.2.2022
Bitcoin was trading flat to negative even as the European stocks and the S&P 500 futures got a slight tailwind
Egyptian Billionaire Remains Bullish on Gold, Says It’s Wrong to Compare Precious Metal to Bitcoin
14.11.2021
Egyptian billionaire Naguib Sawiris has said he remains bullish on gold and has no intention to invest in cryptocurrencies like bitcoin because such investment is a very risky business. Sawiris Says Gold Still Safe-Haven Asset In his remarks published by The National News, the billionaire reveals...
Ron Paul Warns of Government Crackdown on Bitcoin — ‘The Government Is the Threat’
5.4.2021
Former congressman Ron Paul has warned of a government crackdown on bitcoin and safe-haven assets may not be safe from government intervention. “The government is the threat,” he said, noting that “they will crack down because they have the ability to do it.” Ron Paul Warns...
BNY Mellon Report Compares Bitcoin and Gold, Study Says ‘Gold Is the Only Globally Accepted Currency’
1.4.2021
The popular safe-haven asset gold recently posted the lowest settlement in three weeks, as a firm dollar and bond market yields have weakened support for the precious metal. The financial goliath BNY Mellon also published a report about the differences between gold and bitcoin and the study said...
Bitcoin is outshining gold in the battle of the safe havens
30.3.2021
Bitcoin is approaching all-time highs versus gold. The digital currency broke above $59,000 on Tuesday while gold languished below $1,700
Bitcoin’s Rapid Increase Should Compel Crypto Investors to Own Gold, Says Top Miner
13.2.2021
Sandeep Biswas, chief executive officer of Newcrest Mining, one of the world’s biggest gold miners, has said that the sharp increase in bitcoin prices should compel crypto investors to hold gold as a safe-haven asset. In a Feb. 11 interview with Bloomberg TV, Biswas criticized bitcoin’s...
Bank of Singapore Says Cryptocurrencies “Could Replace Gold as a Store of Value” but Unlikely to Displace Fiat Currencies
25.1.2021
A new research note released by the Bank of Singapore (BOS) suggests that cryptocurrencies are more likely to replace gold as a store of value. However, the note says it is unlikely that such digital currencies can replace fiat currencies even as their appeal grows. Inefficient Unit of Exchange...