Since the Silicon Valley Bank run, Bitcoin has gone into what can be called a Bull rally..and this could only be the begining. Could investors be seeing Bitcoin as an alternative place to store their liquid money.

Bitcoin was created by a mysterious person known as Satoshi Nakamoto as an alternative to traditional banking after its collapse in the 2008 financial crisis. The idea was to create a “trust-less” cash system and remove the third party intermediaries that are traditionally required to conduct digital monetary transfers. Cryptocurrencies have yet to gain mainstream adoption.

However, based on current events like the SVB bankrun, regional banks bieng at risk, not to forget the risk of the dollar losing its value, the BRICS countries opting for other currencies outside the Dollar.The market is starting to question itself, if indeed Bitcoin is the Safe haven that was created for such crisis.

A limited currency that is not controlled by any one person.An International currency that can be used to store and transfer value all over the world.

What is happening now, in the current economy translates to: it doesnt seem to be wise to trust banks with large sums of money, governments cannot be trusted either because they make decisions that devalue your currency. So where is the safe haven?It might not be only Bitcoin, but if you have large sums of money you should invest some time in figuring this out.Smart money is currently  investing in Bitcoin,Ethereum,Gold,Silver and Stocks. Its important to know that your money in some European countries is only insured upto 100k and in the states 250k for some banks ..you should check the rules in your countries..and in your bank.

For people with lower sums of money.Ill leave you with this.In every crisis theres an investment opportunity!