Is Bitcoin an Emerging Safe Haven Amid Greek Uncertainty?
Comment of the Day

July 07 2015

Commentary by Eoin Treacy

Is Bitcoin an Emerging Safe Haven Amid Greek Uncertainty?

This discussion from Bloomberg TV may be of interest to subscribers.

Eoin Treacy's view

Gold and other commodities were weak today, testing previous lows. One of the reasons Bitcoin has been relatively stable is because speculators and algorithmic trading systems cannot easily move in and out of it.

As traders begin to look at potential safe havens sovereign bonds such as Bunds and Treasuries are an obvious destination but so are investments that have not been subject to speculative flows over the last year. This has contributed to the relative strength of Vietnam and India over the last few weeks. 

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