Will cryptocurrencies be a ‘safe haven’ asset in a recession?

With the US Federal Reserve slashing interest rates for the first time since the financial crisis and the birth of Bitcoin, and other central banks around the world following suit, including New Zealand, India and Thailand, a good question is whether cryptocurrencies will be a ‘safe haven’ asset in the event of an economic downturn.   Global economic instability appears to be intensifying after central banks around the world recently slashed interest rates, and the US-China trade war escalating after the devaluation of the yuan. With all of these events…

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