South Korean Experts Say Crypto Is a Poor Safe-Haven Asset

On June 11, South Korean experts stated through local media that cryptocurrencies are a “poor choice” of safe-haven assets during the COVID-19 pandemic.

According to The Scoop, Professor Hong Ki-hoon of Hongik University stated that crypto-assets like Bitcoin (BTC) should not be considered as “safe-haven assets,” at the level of Gold, dollars, or even the U.S. Treasury bonds. He does not deny, however, that volatility in the financial markets is causing more money to accumulate in the crypto market.

Find The Source Here.

0 Reviews

Write a Review

Vinkmag ad

InvestorTalks

Read Previous

European stock index futures bounce on Fed’s bond buying plan

Read Next

Dash Investment Foundation Buying Gold as Part of Rebalancing Strategy

Leave a Reply

Your email address will not be published. Required fields are marked *