🪙 Bitfinex: Bitcoin as a Safe-Haven Asset
💼 Bitcoin could serve as a safe-haven asset during an economic downturn, according to Bitfinex.
📉 Experts highlighted that in the past 3 months, central banks globally have cut rates 35 times. They compared this trend to the 2009 crisis when 76 similar actions were recorded.
💸 "Investors shifting to safer assets and declining government bond yields are classic recession indicators, reflecting a lack of confidence in sustainable economic growth," Bitfinex noted.
🔸 These concerns might bolster Bitcoin as "digital gold" and impact the broader crypto market.
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