• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Tether-Backed Twenty One Capital Secures $100M Funding

    Ben Werkman Joins Swan Bitcoin as CIO Amid Institutional Focus

    Corporations May Own Third of Bitcoin, CIO Claims

    Arkham Identifies 87.5% of Strategy’s Bitcoin Holdings

    Pakistan Announces Bitcoin Reserve Strategy Led by Saqib

    Bitcoin ETFs See $9B Inflows as Gold Funds Decline

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Bitget Lists Ripple’s RLUSD, Boosts Stablecoin Accessibility

    Hidden Road Launches US OTC Crypto Swaps Post-Ripple Acquisition

    Shiba Inu Faces Potential Breakout Amid Triangle Formation

    Shiba Inu Poised for Potential Price Breakout

    Dogecoin Poised for Potential $1 Surge by 2025

    USD1 Stablecoin Becomes Restakeable on Kernel DAO

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Bitcoin (BTC) Remains a Safe Haven in Times of Financial Turmoil

Tony P. by Tony P.
October 18, 2019
in Latest News
Safe Haven

Despite the recent BTC dump that saw its prices fall below $8k, many crypto experts still see Bitcoin as a safe haven. The global financial situation is horrible and only expected to continue deteriorating. Central banks around the world have started injecting money back into their economies, even if the GDP figures continue to fall, and the interest rates begin to take a downward trajectory. Considering all this, it begs the question, is crypto, and in particular Bitcoin (BTC), a safe haven in the face of financial turmoil?

Second Round of the Global Economic Mess

Each passing day spells more gloom for global economies. As we speak, the United States national debt currently stands at $23 trillion. In spite of the debt having hit never-before-seen levels, the central bank has continued to print new notes as well as purchase new properties all in the name of a quantifiable expedition.

As this happens, the FED has started lending cash to financial institutions to assist them to offset their short-term money obligations. The fact is that many of these banks have already run through their cash reserves. Many economic experts predict that these “repo funds” will continue in the coming days, and this may lead to a further decline in the interest rates.

Cameron Winklevoss, a Bitcoin Bull has provided a number of reasons why it will be important to search for a safe haven. According to him:

“There are currently $17 trillion dollars being held in the form of negative interest bonds. Regardless of how you look at the situation, consumers have 17 trillion reasons to start looking into ways they can use to own crypto assets, and in particular Bitcoin.”

Cameron Winklevoss
@winklevoss
$17 trillion dollars are currently held in negative interest bonds. 17 trillion reasons why you should own bitcoin.
2:30 PM · Oct 17, 2019· Twitter Web App
631

Retweets

2.6K

Likes

BTC Will Provide a Safe Haven

During difficult times, it becomes hard for the populace to rely on their central governments, and more so on traditional financial institutions. The reality is that fiat currencies tend to be very fragile, as some nations in South America have come to learn in the past year.

While Bitcoin has only been around for one year, this asset was developed for this particular purpose. Global recessions have always proven to be cyclical in nature and, as things stand, the world is due to experience one soon.

Weiss Crypto Ratings
@WeissCrypto
#Bitcoin was an overreaction to the financial crisis and the monetary system that allowed it to occur. Today, instead of functioning as an efficient peer-to-peer system for transferring cash, $BTC is evolving into a store of value like gold. #BTC #crypto #cryptocurrency
11:55 PM · Oct 17, 2019· Hootsuite Inc.
9

Retweets

32

Likes

It has been ten years since the last recession, and it appears as though the lessons from the last recession were not heeded.

Featured image: phys.org

Tags: BitcoinBTCGlobal Economy
Previous Post

SEC Reviews Its Decision on Bitwise Bitcoin ETF Proposal

Next Post

Libra Association Founders Yet to Submit Commitment Money of $10M Each

Tony P.

Tony P.

Related Posts

Analysts Predict Crypto Rally Despite Initial Dip

by Solomon M.
May 30, 2025

Crypto market experiences short-term dip; analysts forecast rally driven by institutional inflows.

Freysa AI Secures $30 Million in Coinbase Ventures Funding

by Solomon M.
May 29, 2025

Freysa AI garners $30 million funding, backed by Coinbase Ventures, to advance AI technology on the Base blockchain.

Kazakhstan Plans CryptoCity Pilot for Digital and AI Hub

by Solomon M.
May 29, 2025

Kazakhstan President Tokayev to launch CryptoCity pilot boosting digital transformation.

Federal Reserve Chair Powell Meets President Trump on Economic Policy

by Solomon M.
May 29, 2025

Jerome Powell meets Donald Trump at the White House to discuss economic developments and monetary policy amid tensions over interest...

Trump Administration Appeals to Supreme Court to Block FOIA Documents

by Solomon M.
May 29, 2025

The Trump administration seeks Supreme Court intervention to block DOGE-related documents production under FOIA, implicating cryptocurrency market strategies.

U.S. Senate Advances GENIUS Act for Stablecoin Regulation

by Solomon M.
May 29, 2025

The U.S. Senate introduces the GENIUS Act, aiming to establish a stablecoin framework, with bipartisan support from key senators.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.