Like Gold, Bitcoin is Becoming the Ultimate Safe Haven Investment

The relative stability of Bitcoin during periods of geopolitical uncertainties has allowed the digital currency to be considered by investors as a safe haven for the preservation of their wealth.
Two major events in 2016 that quickly come to mind when considering the geopolitical risks borne by holders of fiat currencies, stocks, commodities and other financial elements are Brexit and the US elections. The fallout from these events saw the nations’ currencies and stocks plummet within very short periods of time.
Safety first One of the most critical factors that investors consider is the safety of their investment. During periods of anticipated volatility, holders of local investments usually seek a safe haven for their wealth and value preservation.
Recent events have shown that, like gold, Bitcoin is gradually assuming the role of a run-to hideout for value preservation.

This post was published at Coin Telegraph on 2016-11-10.