Three Reasons Why BTC Is Turning To A Safe Haven For Investors

Bitcoin has long been part of our daily and latest cryptocurrency news, especially when we are talking about the benefits of the most dominant cryptocurrency. In the recent updates, we are exploring the main three reasons why Bitcoin is turning into a global safe haven for investors from all around the world.

In times when the Bitcoin price is rising and the BTC hash rate is hitting new highs, Bitcoin is definitely a dominant asset. Here are the main reasons that make investors tick in front of BTC.

Fiat Currencies Are Devaluing On Purpose

A lot – and by this we mean a lot – of fiat currencies have devalued themselves. First of the three reasons why Bitcoin is dominant in this manner is the fact that the cryptocurrency is not devaluing.

If we see one popular and recent Twitter thread on potential currency crises around the world, we can see one Goldman Sachs executive speaking about Bitcoin – and how he believes that it is going to sustain the monetary carnage.

“We are at the most important juncture in FX markets in my entire 30 year career. The dollar appears at risk of an uncontrolled rise,” the expert notes.

Bitcoin Is Not Correlated With Traditional Markets

Second of the three reasons why Bitcoin has massive potential now is the fact that it is not correlated with any of the traditional markets. While investors are becoming nervous because central banks continue easing the markets, Bitcoin is the least correlated with traditional markets.

Data from SFOX has confirmed this and showed that the central banks of US and China are racing to the bottom in this manner.

Bitcoin Can Provide Big Returns

Aside from its volatility, Bitcoin is known to provide big gains for investors. Analysts featured on many best cryptocurrency news sites know this – which is why they have Bitcoin on the radar. The investors looking for alternative safe havens are continuing to invest in Bitcoin – and they are getting a lot of back wind from analysts.

One of them is the Morgan Creek Digital co-founder Anthony Pompliano who thinks that China’s devaluation is playing a large part in Bitcoin’s current bull run. As he added, institutions look at BTC because it has “proven to be non-correlated and to provide an asymmetric return compared against traditional assets.”