Thousand Years of Hedging History, Part 2

This article will bring you through the transition from regionalization risks to globalization risks, the weakening of gold as a safe haven, and the beginning of a new phase of global economic crisis. It will wrap up with thoughts on Bitcoin as a hedging asset.   Start of Global Risk Hedging  Since 1993, the concept of globalization has been formed and widely spread all over the world. However, historically, behavioral and cognitive globalization had already been created physically even before the concept had been formed. In fact, this transformation is built on technological progress during the 19th century. Robert Park,…...