Risk it for the Bitcoin: Has BTC matured to be a safe investment play?
Cointelegraph
Published Jan 30, 2021 03:44AM ET
Updated Jan 31, 2021 05:40AM ET
Bitcoin has often been described as the “digital gold” of the 21st century, but is the cryptocurrency truly reliable as a new safe haven against financial uncertainty and inflation? The question is a difficult one to answer, but the actions of a number of major institutions and the sentiments of some well-renowned investment managers suggest that Bitcoin (BTC) is becoming more attractive as a hedge against these fears.
Business analytics firm MicroStrategy has led the institutional charge into Bitcoin over the past six months, having purchased more than $1 billion worth of BTC after adopting the cryptocurrency as its primary treasury reserve asset. The company now holds approximately 70,784 BTC.
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Written By: Cointelegraph
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