"The recent bullish activity of Bitcoin cryptocurrency shows that it has the ability to substitute safe haven assets such as gold," said Nile Green, CEO and founder of De Fair Group Financial Advisors. .

In a statement on DeFire Group published Monday, Green said that Bitcoin (BTC) is currently achieving its reputation as digital gold while it is likely to be seen And other cryptocurrencies as safe haven assets.

Gold continues to be known as the safe haven asset, but Bitcoin - which shares its main properties as a store of value and scarcity - could knock out gold from its site. Protracted in the future as the world is becoming more technology driven than ever.

The CEO noted the heightened political tension between the United States and China as one of the reasons why investors choose decentralized, non-sovereign, and safe digital currencies as a way to protect them from the turmoil in traditional markets.

Green's comments come after the rise of Bitcoin to $ 10,000 last Sunday, while the price of the currency exceeded the level of $ 11,000 until the time of writing the news today, Wednesday. p>

(Fun Knowledge of Knowledge)