Is Bitcoin a Safe Haven for Your Money?

With international conflict and recession looming on the horizon, is Bitcoin a safe haven for your money?

In the summer of 2019, the 10-year minus 3-month yield curve inverted for the first time in 13 years. During the time of the inversion, Bitcoin’s price hit all-time highs for the year. The previous inversion in 2006 was followed shortly thereafter by the global economic crisis of 2008.

On Jan. 3rd 2020, United States President Donald Trump ordered the killing of Iranian general Qassem Soleimani by drone strike. The Iranian government retaliated on Jan. 8th by launching missiles at two American bases in Iraq located near Baghdad.

Throughout the Iran-U.S. conflict, Bitcoin’s price spiked upward by 21%, from just below $7,000 to nearly $8,500.

The foreshadowing of another global economic crisis and the threat of further international conflict has given rise to an important question: is Bitcoin a safe haven asset?

To investigate this narrative, we sought the opinion of world-renowned economist Campbell Harvey, who is best known for theorizing yield curve inversions as accurate signals of oncoming recessions. Harvey is now the J. Paul Sticht Professor of International Business at Duke University, where he has been teaching a course on blockchain and cryptocurrencies for seven years. In this interview, he discusses whether “Bitcoin is a safe haven” in the context of both war and recession. He also details a vision of the future in which digital tokens could undermine the global hegemony of the US Dollar.

Please check out the video and subscribe to our YouTube channel!


If you have other interesting news about this topic or other cryptocurrency news please let us know. Don’t forget to view our useful bitcoin videos collection to learn more about Bitcoin and Blockchain. Investing in Cryptocurrencies can be very profitable but always make sure you’re keeping your coins safe. You can use the tutorial that will teach you how to make a bitcoin paper wallet that’s the simplest way to keep your Bitcoins but the safest way is by using a hardware wallet.

You’re invited to share your opinion about this news “Is Bitcoin a Safe Haven for Your Money?” by adding your comment bellow. Let’s keep this discussion civilized with a non-offensive language.

Tags: crypto newscryptocurrency news


Passionate about Crypto-Currencies and Bitcoin enthusiast. Oliver is an Editor on Crypto Cool News.

Add Your Comment