Kraken OTC Head: Bitcoin Is Not Safe Haven Yet

August 25, 2019 | By | Reply | 24 Readers More


Head of over-the-counter (OTC) sales at cryptocurrency exchange Kraken Nelson Minier compared today’s cryptocurrency trading industry to how Wall Street used to be, adding that it is still too soon to call Bitcoin a safe haven for investors.

During the Nasdaq TradeTalks interview published on Aug. 22, Minier stated:

“Wall Street ain’t what it used to be. The first 15 years I was on Wall Street, it was fun. I was very fortunate. I started in the CDS market which feels a lot like crypto. Here you have a lot of financial innovation, a lot of trading. It feels very much like that, […] there’s a lot of energy and enthusiasm about this progress and where it’s going.”

Too early to call Bitcoin a safe haven

The interviewer also touched on the topic of the increasingly popular idea that Bitcoin (BTC) is becoming a safe haven asset due to its lack of exposure to the…

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