How does global economic uncertainty affect Bitcoin’s price?

During times of economic uncertainty, Bitcoin is often viewed as a safe-haven asset, similar to gold. Investors turn to Bitcoin when traditional financial markets face downturns, inflation rises, or geopolitical tensions increase. For example, in times of banking crises or currency devaluation, Bitcoin has seen surges in demand. However, Bitcoin is still considered a volatile asset, meaning economic instability can also trigger sell-offs if investors seek liquidity. Monitoring Bitcoin’s response to global financial events is essential, and checking btc price live helps investors stay updated on market trends.