Crypto Overtakes Gold As 'safe Haven Asset' Amid Ukraine Crisis

Crypto overtakes gold as 'safe haven asset' amid Ukraine crisis

Digital currencies have rocketed in value over the last week, with bitcoin having increased in value by more than 13% following sanctions on Russia, a nosedive in the rouble and increased geopolitical uncertainty.

But while the decentralised nature of crypto has led to an increase in Russian citizens buying into the currency - as well as donations to Ukraine totalling $52m at time of writing - investment professionals...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week

member?

Login

RECENT NEWS

Dollar Weakens As Hopes For Federal Reserve Rate Cuts Rise

The strength of the US dollar is showing signs of weakening as hopes for Federal Reserve rate cuts rise in response to f... Read more

US Stock Market Pulls Back, Ending Multi-Day Rally Amid Inflation Jitters

The US stock market experienced a significant pullback today, ending a multi-day rally as investors grew increasingly ji... Read more

Investor Confidence Boosted As BT's CEO Allison Kirkby Challenges Short Sellers And Raises Dividend

BT Group’s shares have surged by 17% following a series of bold announcements by CEO Allison Kirkby. Kirkby’s assert... Read more

Market Optimism As S&P500 Briefly Peaks Amid Falling Inflation

The S&P500 index saw a brief all-time high as new data revealed a drop in America's annual inflation rate to 3.4% in... Read more

Sony's Strategic Share Buyback: Impact On Stock Performance

In a bold move signaling confidence in its financial stability and future growth prospects, Sony recently announced a si... Read more

The Hidden Costs Of Investing In BDCs

Business Development Companies (BDCs) are often lauded for their attractive yields, appealing to investors seeking subst... Read more