What the Oil Market Says About Bitcoin’s ‘Safe Haven’ Status
“I don’t think any asset is safe right now – except cash, U.S. dollars.”
The passport would help businesses cut through redundant red tape and flourish across borders, Saudis said.
The largest 50-day rally in stock market history and even shares of bankrupt companies are up more than 100%. What is going on?
Announced on Thursday, the Fasset Exchange (FEX) is open for private beta enrollment and is planning a public launch later this year.
Bitcoin fell 40 percent this week from coronavirus shocks, but it's still seen as a safe haven in the Middle East.
Energy experts say incumbents are complacent about the dominance of the U.S. dollar in oil markets while China and Russia may try to force change.