, Columnist
Bitcoin's at It Again
The digital currency swings three to five times more violently than the precious metal, hardly the behavior expected from a haven asset.
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It's happening again. Bitcoin has locked step with gold and taken to the skies as uncertainty about the U.S. election increases volatility in global markets. It is, in short, acting as a haven.
The last time this happened was in the run-up to the U.K. referendum on European Union membership. Then, my colleague, Tim Culpan, and I argued that digital currencies can't be taken home and stored in a vault.1478147670780