Copper | Benzinga benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Amid economic and geopolitical tumult, more investors are looking to bitcoin as a safe haven play. Especially over the last few weeks, it s clear that bitcoin has stolen gold s thunder, said Mati Greenspan, portfolio manager and founder of Quantum Economics.
While the cryptocurrency has indeed matured into a permanent fixture in the financial industry, some Wall Street investors caution that the volatile cryptocurrency will never supplant gold as a store of value, because it has no value to store.
Is bitcoin safer than gold?
When the coronavirus pandemic began to shut down economies around the world, investors did what they typically do amid economic uncertainty: they fled to safe haven assets. Only this year, gold and cash weren t the only safe haven plays.
Scott Nations: Watch For Bullish Copper Data In The Week Ahead benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.