$BTC Bitcoin, initially seen as a geek's gamble, is starting to carve out a place alongside gold in the 'safe haven' category. Why? Well, in a world where central banks are printing money as if it were raining, some investors are looking to protect their wealth against inflation. Gold has always played this role, but Bitcoin has a little something extra: it is digital, decentralized, and its supply is strictly limited to 21 million. There is no risk of a government suddenly deciding to 'mine' more!
Add to this the growing interest from financial institutions, the ease of transfer (no need for a safe or bars to transport!) and a rising distrust of traditional currencies, and you have the perfect cocktail to make Bitcoin a modern alternative to gold. Certainly, it remains more volatile than the old yellow metal, but for many, it's the price to pay for a 2.0 version of a safe haven.