Italexit prompts speculation that bitcoin is a new ‘safe haven’ asset

Italexit prompts speculation that bitcoin is a new ‘safe haven’ asset

In times of uncertainty, traders and investors have traditionally flocked to ‘safe haven’ assets that act as an anchor against stormy markets. These tend to be traditional conservative choices—gold, land, corn, etc—that are insulated from wider market turmoil. The latest incident to demonstrate this is ‘Italexit’—the possibility of Italy leaving the Euro, which as would be…