So in the build up to the Trump inauguration, we might see some investors hedging their wealth in commodities. Bitcoin has been very volatile the last few weeks. Do you think these investors will still use Bitcoin as a possible safe-heaven or would they rather turn to traditional safe-heavens like Gold?
Do you think this event would influence investors to move towards Bitcoin or Gold? How much would the final decision from the SEC on their long-proposed bitcoin exchange-traded fund (ETF) hamper the investment in Bitcoin by serious investors?
Give your view on this?
Bitcoin could be ended tomorrow by the PBOC if they had the mind to do so.
Bitcoin is not, and never will be a safe haven for any serious volume of wealth. At best, it is a good means of evading capital controls and a highly volatile financial asset where shark traders can and do make a fucking killing at Joe Sixpack's expense......
......better watch they dont deplete the food chain though....