[2016-06-16] Reuters.com | Virtual safe haven? Bitcoin surges to highest in more

[eye4bd]

Virtual safe haven? Bitcoin surges to highest in more than two years

The price of bitcoin surged 8 percent to $750 on Thursday, its highest since early 2014, as jittery investors sought shelter in the web-based currency, once considered too volatile to invest in, let alone at times of market stress....

http://mobile.reuters.com/article/idUSL8N1982E6

[1714812382]

1714812382

[1714812382]

1714812382

[1714812382]

1714812382

[1714812382]

1714812382

[aso118]

Virtual safe haven? Bitcoin surges to highest in more than two years

The price of bitcoin surged 8 percent to $750 on Thursday, its highest since early 2014, as jittery investors sought shelter in the web-based currency, once considered too volatile to invest in, let alone at times of market stress....

http://mobile.reuters.com/article/idUSL8N1982E6

I doubt if this is the case. If people wanted a safe haven, they would go to gold or atleast e-gold.
The dynamics of Bitcoin are totally different.

[Osinarad]

Virtual safe haven? Bitcoin surges to highest in more than two years

The price of bitcoin surged 8 percent to $750 on Thursday, its highest since early 2014, as jittery investors sought shelter in the web-based currency, once considered too volatile to invest in, let alone at times of market stress....

http://mobile.reuters.com/article/idUSL8N1982E6

I doubt if this is the case. If people wanted a safe haven, they would go to gold or atleast e-gold.
The dynamics of Bitcoin are totally different.

There is unlimited supply of gold while the supply of the bitcoin is limited So over time, bitcoin will rise faster than gold.

[eye4bd]

Virtual safe haven? Bitcoin surges to highest in more than two years

The price of bitcoin surged 8 percent to $750 on Thursday, its highest since early 2014, as jittery investors sought shelter in the web-based currency, once considered too volatile to invest in, let alone at times of market stress....

http://mobile.reuters.com/article/idUSL8N1982E6

I doubt if this is the case. If people wanted a safe haven, they would go to gold or atleast e-gold.
The dynamics of Bitcoin are totally different.

Yes, I also agree with your thinking. Bitcoin is tottaly different and much more dynamic than gold or any other asset!

Thanks!

[RodeoX]

It may also matter where you live. BTC is of course global and in many countries there are few options for holding or diversifying your wealth. There are also failing currencies that are even less safe than bitcoin's volatility. So it could be a safe haven for some.