You are viewing a single comment's thread from:
RE: Gold or Bitcoin as the currency of safe haven?
Thanks for the post. It's not all black and white between gold and bitcoin. You have to consider silver as well.
Gold's "physical storage" is not a negative, holding a safe haven is mainly a positive.
I understand what you're saying and recognise the importance of silver too. Silver can be likened to Litecoin I guess in the digital world.
Yep, I basically mean that when having a situation where AU truly acts as a safe haven, so does silver too. We still haven't seen an economic crisis like 2008 with era of cryptocurrencies. When that arrives, cryptos will be tested in a real crisis environment. The behavior can differ or equal that of precious metals.
Not a disagreement, just discussing! ;-)
@arpepa I welcome your comments as I'm not expert in this, but you have raised an interesting point where Cryptos have yet to be tested in a crisis. It's a day we all hope never arrives, but time will tell.
I'm not an expert either. However, your opening was important and I've been into these questions a lot . There are different kind of situations to have safe havens:
It strongly seems that Cryptos can work as safe havens at least for world of uncertainty. And yes, hopefully anything else won't be needed to test.
Upvoted.
Thanks for the upvote, I'll add you to my follow list.