Tavex uses cookies to improve your user experience. By continuing to use our site without changing your settings, you agree to receive cookies from Tavex’s website. Read more about our cookie policy
Tavex uses cookies to improve your user experience. By continuing to use our site without changing your settings, you agree to receive cookies from Tavex’s website. Read more about our cookie policy
Please select what cookies you allow us to use
Cookies are small files of letters and digits downloaded and saved on your computer or another device (for instance, a mobile phone, a tablet) and saved in your browser while you visit a website. They can be used to track the pages you visit on the website, save the information you enter or remember your preferences such as language settings as long as you’re browsing the website.
Cookie name | Cookie description | Cookie duration |
---|---|---|
tavex_cookie_consent | Stores cookie consent options selected | 60 weeks |
tavex_customer | Tavex customer ID | 30 days |
wp-wpml_current_language | Stores selected language | 1 day |
AWSALB | AWS ALB sticky session cookie | 6 days |
AWSALBCORS | AWS ALB sticky session cookie | 6 days |
NO_CACHE | Used to disable page caching | 1 day |
PHPSESSID | Identifier for PHP session | Session |
latest_news | Helps to keep notifications relevant by storing the latest news shown | 29 days |
latest_news_flash | Helps to keep notifications relevant by storing the latest news shown | 29 days |
tavex_recently_viewed_products | List of recently viewed products | 1 day |
tavex_compare_amount | Number of items in product comparison view | 1 day |
Cookie name | Cookie description | Cookie duration |
---|---|---|
chart-widget-tab-*-*-* | Remembers last chart options (i.e currency, time period, etc) | 29 days |
archive_layout | Stores selected product layout on category pages | 1 day |
Cookie name | Cookie description | Cookie duration |
---|---|---|
cartstack.com-* | Used for tracking abandoned shopping carts | 1 year |
_omappvp | Used by OptinMonster for determining new vs. returning visitors. Expires in 11 years | 11 years |
_omappvs | Used by OptinMonster for determining when a new visitor becomes a returning visitor | Session |
om* | Used by OptinMonster to track interactions with campaigns | Persistent |
Cookie name | Cookie description | Cookie duration |
---|---|---|
_ga | Used to distinguish users | 2 years |
_gid | Used to distinguish users | 24 hours |
_ga_* | Used to persist session state | 2 years |
_gac_* | Contains campaign related information | 90 days |
_gat_gtag_* | Used to throttle request rate | 1 minute |
_fbc | Facebook advertisement cookie | 2 years |
_fbp | Facebook cookie for distinguishing unique users | 2 years |
Innehållsförteckning / Table of Contents
Once again, we have a lot of uncertainty and tensions globally, similar to the beginning of 2020 when COVID-19 gained traction. This time, it is not a new scary virus but a simple old-school war – Putin has invaded Ukraine.
These geopolitical crises tend to shine a light on re-evaluating investment options and showing a true nature of an investment type. The downturn in the stock market and the recent escalation of geopolitical tensions make it clear that Bitcoin, which is often compared to digital Gold, hedges against falling stock markets and uncertainties, is not a viable hedge.
As the Russia-Ukraine crisis deepened on Tuesday, the price of Bitcoin fluctuated a lot. The lowest bitcoin price dropped was about $ 34 500, a roughly 13% price drop in a week. The decline marks a stark contrast in which asset classes hold value and tend to increase in price under a tremendous amount of geopolitical pressure.
Gold price reached the highest price level since September 2020, when the price touched 1975 USD/oz, but it got quickly sold off. Currently, Gold is trading around 1914 USD/oz, which is the highest closing price since June 2021
Recently, it has been observed that cryptocurrencies have gradually become more synchronized with publicly traded stocks, although cryptocurrencies are much more volatile than stocks. It is clear that cryptocurrencies are strongly affected by geopolitical situations like we are currently facing and are not an adequate alternative to be considered as a safe-haven asset like Gold or even Silver.
When comparing crypto assets to stocks, it should be noted that Bitcoin and crypto price fluctuations are usually much steeper than, for example, the S&P 500 index stocks. The volatility of cryptocurrencies can bring significant benefits when they rise in price and painful losses when they fall.
For example, the Eurekahedge cryptocurrency hedge fund index, which tracks fund managers focusing on decentralized digital money, fell by about a fifth in January – the most significant drop since November 2018.
This year’s events show that Bitcoin is not, at least yet, a hedge nor a safe investment. Bitcoin can not yet be classified as a refuge or a bond substitute searching for safe diversification. However, if you are looking for high-risk, high-reward investment opportunities, Bitcoin (and other cryptos) can still provide that.
Gold has proven time after time to be a safe-haven asset for substantial uncertainties and crises like we are facing now, at the beginning of 2022.
NB! Tavex continues to carefully monitor the current situation taking place in Russia and Ukraine. In order to best protect our customers against risks associated with potential dramatic and unpredictable FX market movement on RUB and UAH, we are temporarily suspending Russian Ruble (RUB) and Ukrainian Hryvnia (UAH) trading until further notice. We have stopped BUYING UAH and RUB from all customers, effective immediately. Thank you for your understanding and we will continue to evaluate and monitor events as they unfold.
Disclaimer: This article is for informational purposes only and is not intended as an investment analysis or recommendation to sell or buy commodities. Tavex is not responsible for any decisions made based on this information. Investing is associated with opportunities and risks, and the market value of commodities can both increase and decrease. Past or future yields on the commodities and financial ratios shown above do not represent a promise or an indication of future earnings.