Bitcoin as a Safe-Haven Asset❔

💰Bitcoin could serve as a safe-haven asset during an economic downturn, according to Bitfinex.

📉 Experts highlighted that in the past 3 months, central banks globally have cut rates 35 times. They compared this trend to the 2009 crisis when 76 similar actions were recorded.

Investors shifting to safer assets and declining government bond yields are classic recession indicators, reflecting a lack of confidence in sustainable economic growth-Bitfinex noted.

✔️These concerns might bolster Bitcoin as "digital gold" and impact the broader crypto market.