‘Black Swans’ for Fiat Will Only Be a Favor for Cryptocurrencies

In the past three decades, the world has been witness to three extraordinary “black swan” events that served as structural crossroads for both societies and economies: the 9/11 terror attacks, the 2008 global financial crisis, and the COVID-19 pandemic. Nearly two decades ago, 9/11 unleashed brazen new escalations of state powers over individuals and monetary controls, all in the name of security from terrorism led by the United States and still reverberating around the globe. The 2008 economic meltdown caused by the U.S. housing crisis illuminated the fundamental economic inequality…

Cryptocurrencies Are Not a Safe-Haven Asset, Says Expert

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. Doubts of crypto’s capabilities However, some industry experts say that…