Bitcoin as a safe haven? More a speculative bet, market players say

. A week after the U.S. president tweeted in May that he would raise tariffs, bitcoin rose 41% against a 3.8% fall in U.S. stocks.

In times of market fluctuations, investors tend to move small proportions of their portfolios to bitcoin, said Marcus Swanepoel, CEO of London-based cryptocurrency platform Luno. “If you’re wrong, you’re not losing lots of money, but if you’re right we are talking outsized returns,” said Swanepoel.FILE PHOTO: A customer purchases bitcoins sold at a tobacco shop at Rueil-Malmaison, France, January 8, 2019. REUTERS/Charles Platiau/File Photo

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Bitcoin jumps 9% to surge past $11,000 while stocks dive on trade worriesBitcoin soared 9% on Monday, performing like a safe haven asset as it edged past $11,000 for the first time since around mid-July. Don't play with Bitcoin :D Rule 1 :D
La source: CNBC - 🏆 12. / 72 Lire la suite »