It comes as stock markets are roiled by renewed trade uncertainty.A man passes in front of a Bitcoin exchange shop in Krakow, Poland.soared 9% on Monday, performing like a safe haven asset as it edged past $11,000 for the first time since around mid-July.
Global stock markets on the other hand have been sliding lower on the back of renewed trade uncertainty, after Presidentsaid last week that Washington would impose 10% tariffs on another $300 billion worth of Chinese goods. "Bitcoin has many use cases and one of the most important is as a form of digital gold," Charles Hayter, CEO of digital currency comparison platform CryptoCompare, told CNBC by email on Monday. "We have seen bitcoin jump before on macro uncertainty as it becomes a conduit and flight-to-safety asset."
Don't play with Bitcoin :D Rule 1 :D
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