Cryptocurrencies have not been used as a safe haven amid challenges the global economy has faced at the beginning of the year, one expert says.
The world has already seen a slew of market-shaking events this year including trade policy uncertainty, geopolitical tensions and the coronavirus epidemic, among others. With investors around the world struggling to find safe haven assets to insure themselves against potential crises, it was anticipated that many would turn to Bitcoin (BTC) and other digital currencies.
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