Investors are not ready to treat bitcoin as a safe asset in times of crisis

$4,170

Bitcoin’s price dropped from $4,990 on Sept. 2 to $4,170 on Sept. 4 after North Korea’s latest missile test, then recovered, reaching $4,660 on Sept. 6.

Published September 07, 2017 | Photo by Reuters/Jim Urquhart

$4,170

Investors tend to turn to safe assets like gold, the Japanese yen, and the Swiss franc in times of crisis. Analysts have been debating if bitcoin could have that same status of safe asset.

$4,170

Bitcoin price

$4,170

But following North Korea’s nuclear test, on Sept. 3, instead of gaining value (like gold, the yen, and the franc), bitcoin fell along the dollar and stocks.

Published September 07, 2017

Investors are not ready to treat bitcoin as a safe asset in times of crisis

$4,170

Investors tend to turn to safe assets like gold, the Japanese yen, and the Swiss franc in times of crisis. Analysts have been debating if bitcoin could have that same status of safe asset.

Bitcoin price

But following North Korea’s nuclear test, on Sept. 3, instead of gaining value (like gold, the yen, and the franc), bitcoin fell along the dollar and stocks.

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Investors are not ready to treat bitcoin as a safe asset in times of crisis

$4,170

Investors tend to turn to safe assets like gold, the Japanese yen, and the Swiss franc in times of crisis. Analysts have been debating if bitcoin could have that same status of safe asset.

Bitcoin price

But following North Korea’s nuclear test, on Sept. 3, instead of gaining value (like gold, the yen, and the franc), bitcoin fell along the dollar and stocks.

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Explore the Index

corporate

Jeff Bezos could buy everything Amazon’s top 10 rivals sell all at once

Facebook’s popularity with teenagers is directly tied to family incomes

Technology

Xiaomi pulled off a $2.1 billion profit in its first public quarter

economics

Wall Street is in its longest bull market ever

economics

The first US marijuana-based prescription drug costs $32,500 a year

Technology

AT&T is being sued $224 million over a crypto investor’s $24 million loss

economics

Fentanyl overdoses are leading a surge of deaths in the US opioid crisis

economics

Apple’s trillion-dollar magic number was $207.05

Finance

Bitcoin dips under $6,500 as the crypto market coughs up $600 billion

economics

China is fueling its own marijuana problem

Technology

China is betting billions on unproven electric car startups