Bitcoin Soars Amidst U.S Financial Crisis: Is It The New Safe Haven For Investors?

Amidst mounting challenges within the US financial sector, Bitcoin (BTC) has reached a new record high, signaling potential for it to act as a refuge for investors in uncertain times. Recent turmoil in the US bond and stock markets has led to decreased bond prices and rising yields, with 20-year Treasury bonds experiencing a significant decline. This volatility prompted investors to seek safe haven assets such as Bitcoin. Notably, Bitcoin’s price recently exceeded $111,800 even as the US stock market grappled with these challenges.