مجلة الاجتهاد للدراسات القانونية والاقتصادية
Volume 14, Numéro 2, Pages 511-537
2025-06-01

Bitcoin As A Safe Haven In Times Of Economic Uncertainty: An Analytical Study

Authors : Guennoun Abdelhak .

Abstract

This study examines Bitcoin's role as a safe haven during economic uncertainty, highlighting its unique features compared to traditional assets like gold and government bonds. Since its inception in 2009, Bitcoin's decentralized nature, finite supply, and independence from conventional financial systems have drawn significant attention. Despite its volatility, Bitcoin is increasingly viewed as a hedge against inflation and economic instability. Findings suggest that Bitcoin can sometimes shield against market fluctuations, especially during financial crises. However, its extreme volatility and regulatory ambiguity limit its reliability as a long-term safe haven. The study emphasizes that increasing institutional adoption and regulatory progress could enhance Bitcoin's legitimacy as a financial asset. Despite challenges, Bitcoin is emerging as an innovative instrument, complementing traditional systems in financial inclusion and cross-border transactions. Its viability as a safe haven depends on adapting to regulatory, technological, and environmental challenges.

Keywords

Bitcoin ; Digital currencies ; Safe haven ; Economic uncertainty