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2019-10-07 02:15:29

Bitcoin not a safe haven asset, says CIO of crypto management firm

Amid global turmoil and geopolitical tensions cryptocurrencies like Bitcoin are gaining traction as many view them as a safe haven asset; however, the CIO of an investment management firm, Jeff Dorman, has another opinion on the matter. As the famous saying goes, beauty is in the eyes of the beholder. In the same way, Bitcoin’s value is in the eyes of its possessor. While some view it as a hedge against crisis-hit economies, others see it as a peer-to-peer currency or store of value. Indeed, Bitcoin has come a long way since its humble beginnings. It has lured in the