Bitcoin as a Safe-Haven Asset❔
#Bitcoin #News #Newsonleo #freecompliments
1/💰Bitcoin could serve as a safe-haven asset during an economic downturn, according to Bitfinex.
#Bitcoin #News #Newsonleo #freecompliments
1/💰Bitcoin could serve as a safe-haven asset during an economic downturn, according to Bitfinex.
2/ Experts highlighted that in the past 3 months, central banks globally have cut rates 35 times. They compared this trend to the 2009 crisis when 76 similar actions were recorded.
3/✍️ Investors shifting to safer assets and declining government bond yields are classic recession indicators, reflecting a lack of confidence in sustainable economic growth-Bitfinex noted.
4/✍️ These concerns might bolster Bitcoin as "digital gold" and impact the broader crypto market.