The latest bitcoin rally suggests the currency has become a comparatively safe haven for investors as the stability of the global economy remains uncertain , according to Marcus Swanepoel , CEO of cryptocurrency platform Luno . He said the rally , which has seen the currency 's value rise to $ 10,000 , could suggest falling confidence in the US dollar . Hence, the surge for other havens. Blockchain assets were becoming a “ quasi safe - haven option ” , he said . Uncertainty came from the Trump administration 's threats to widen its use of tariffs , possibly to include Europe and India , as well as other Trump financial policies .
The latest bitcoin rally suggests the currency has become a comparatively safe haven for investors as the stability of the global economy remains uncertain , according to Marcus Swanepoel , CEO of cryptocurrency platform Luno . He said the rally , which has seen the currency 's value rise to $ 10,000 , could suggest falling confidence in the US dollar . Blockchain assets were becoming a “ quasi safe - haven option ” , he said . Uncertainty came from the Trump administration 's threats to widen its use of tariffs , possibly to include Europe and India , as well as other Trump financial policies .