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Bitcoin price behaviour - Attack in German city of Muenster

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At the time of writing Bitcoin has hit $7094.00 and is up nearly 7%. There has also been an attack in the German city of Muenster. Traditionally Gold would be the safe haven or go to asset when there was any terrorism, political instability and economic crisis. However, Bitcoin, aiming to be the new digital store of value for the coming future has seen its price rise. Now it may well be just a mere coincidence but if you read some of my historical postings then you will see that during Brexit, Trump elections, North Korea tensions with Trump, acts of terrorism around the world then the price of Bitcoin has always been positive on the upside. 

 

It may just be mere coincidence and nothing more but when such patterns occur more frequently on such events then it does make one think that Bitcoin is having a real go at replacing Gold as 'the' safe haven asset to go to.

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I agree  yet another factor in Bitcoin's favour (in regard to what you mention) is that it trades out of hours. No one trading gold will remember Muenster when the market opens today.  

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