Bitcoin Is Turning Into a Global Safe Haven for Investors


 
 
03:22 08/08/2019

Original Article.

China’s recent currency devaluation seems in line with similar policies taking place across the globe. Let’s take a look why Bitcoin price is rising as a result and why investors are increasingly considering taking shelter in Bitcoin — a neutral and borderless network for storing and transferring value — alongside traditional safe haven assets.

Every fiat currency is devaluing itself on purpose.

As the U.S. and other countries attempt to bolster economic growth through rate cuts, investors are beginning to flock to gold, cash, government bonds and increasingly Bitcoin [BTC] as a hedge, according to economist, Raoul Pal

To read more on this developing story from CoinTelegraph.com, click here.

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