{"id":16243,"date":"2019-08-09T00:00:00","date_gmt":"2019-08-09T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/bitcoin-btc-price-analysis-bitcoin-bulls-slowing-down-renown-investor-slams-btcs-safe-haven-status\/"},"modified":"2019-08-09T00:00:00","modified_gmt":"2019-08-09T00:00:00","slug":"bitcoin-btc-price-analysis-bitcoin-bulls-slowing-down-renown-investor-slams-btcs-safe-haven-status","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/bitcoin-btc-price-analysis-bitcoin-bulls-slowing-down-renown-investor-slams-btcs-safe-haven-status\/","title":{"rendered":"Bitcoin [BTC] Price Analysis: Bitcoin Bulls Slowing Down, Renown Investor Slams BTC\u2019s \u201cSafe Haven\u201d Status"},"content":{"rendered":"
China, in reaction to US trade tariffs are intervening, weakening their currency. The result is rapid inflation and a guaranteed depreciation of the value of paper currency. Responding to this, reports have it that Chinese investors<\/a><\/strong> are flooding to Bitcoin via Russia.<\/p>\n While the reaction of price has been immediate, it goes to reveal how important Bitcoin-and cryptocurrencies, are becoming as a store of value.<\/p>\n Immune to local politics, cutting edge and coin emissions pegged on mathematics, analysts argue that the world\u2019s most valuable asset is now acting as a reliable safe haven just like Gold and an array of other trusted assets as the Yen and the Swiss Franc.<\/p>\n However, despite what is evident, Kevin O\u2019Leary, the Shark Tank star and a millionaire is now questioning Bitcoin role as a shield against geopolitical disturbance and safe haven. A known Bitcoin critic, he equates investing in digital assets as gambling.<\/p>\n In a rebuttal to Pompliano, a Bitcoin permabull and a partner at Morgan Creek Digital, he said:<\/p>\n In any one stock, never more than 5 percent, in any one sector, never more than 20 percent. I teach this stuff! You never go beyond concentrations of that nature! Fifty percent! Shame on you! That\u2019s nuts!<\/span><\/p>\n<\/blockquote>\n\n
BTC\/USD Price Analysis<\/strong><\/h2>\n