Mohammed Abdullah Posted January 20, 2020 Share Posted January 20, 2020 What causes a rise in Bitcoin? Quote Link to comment Share on other sites More sharing options...
0 Djamel Brahimi Posted January 20, 2020 Share Posted January 20, 2020 Now, of course, this is a difficult question to answer. However, I do believe there are a couple of reasons. Firstly, it does seem to me that Bitcoin is starting to act as a safe haven asset. Now, I don't think it is like your JPY or gold. However, it is reacting in ways that suggest people see it as a safe asset to put their money into when there are geopolitical issues. The second reason is dollar liquidity. i believe that when there are more dollars available, Bitcoin rises, and when less dollars are available, Bitcoin falls. Quote Link to comment Share on other sites More sharing options...
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Mohammed Abdullah
What causes a rise in Bitcoin?
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