Since the 2008 financial crisis and the ‘Great Recession’, one asset stood out as the ‘safe haven’ investment that investors flocked to. That asset was gold. The price of gold increased by over 20 percent during the ‘Great Recession’ from $800 in December 2007 to $965 in June 2009 and continued its rally to peak at $1,917 in August 2011. Furthermore, whenever there has been geopolitical turmoil or economic distress, the price of gold subsequently rallied.
However, a new safe haven asset has started strengthening its position. That new safe haven is the cryptocurrency bitcoin...
Read more here:
https://btcmanager.com/news/is-bitcoin- ... than-gold/
Follow BTCManager for the Latest on Fintech, Blockchain, and Bitcoin!