What is a safe-haven currency?

What is a safe-haven currency?

A safe-haven currency is one that maintains its value during economic instability. It is a good investment to park your wealth in, as you can be sure that it will keep the same purchasing power (or gain more) over time.

As the world’s reserve currency, the US dollar is a prime example of such an investment. We believe that Bitcoin will also be recognized as a safe-haven asset in the near future, which is why we offer access to both US dollars and Bitcoin at Xapo Bank.