Investors Do Not Consider Bitcoin as Safe-Haven: Luno CEO

Investors are buying bitcoin because they expect extensive returns not because they see it as a safe-haven asset, according to Marcus Swanepoel of London-based cryptocurrency firm Luno.
The chief executive officer told Reuters that investors tend to move a small portion of their portfolio to bitcoin in times of market fluctuations. But their intention to move capital into the cryptocurrency market comes from the place of profit-making, not hedging. Investors merely bet on a profitable outcome sh