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Topic
Board Press
Re: [2016-06-16] Reuters.com | Virtual safe haven? Bitcoin surges to highest in more
by
Osinarad
on 17/06/2016, 15:07:23 UTC
Virtual safe haven? Bitcoin surges to highest in more than two years

The price of bitcoin surged 8 percent to $750 on Thursday, its highest since early 2014, as jittery investors sought shelter in the web-based currency, once considered too volatile to invest in, let alone at times of market stress....

http://mobile.reuters.com/article/idUSL8N1982E6


I doubt if this is the case. If people wanted a safe haven, they would go to gold or atleast e-gold.
The dynamics of Bitcoin are totally different.

There is unlimited supply of gold while the supply of the bitcoin is limited So over time, bitcoin will rise faster than gold.