Bitcoin's Rise to $28K: A Safe Haven Amid Banking Instability?

Bitcoin has surged above $28,000, up 69% this year, as some investors look to it as a safe haven from the chaos of the conventional banking world. The cryptocurrency is benefitting from the view that it is the safest of the cryptocurrencies and a good place to park money during periods of high inflation. Some investors view bitcoin, like gold, as an alternative way to store wealth during periods of inflation or increased risk. However, some experts are doubtful that the banking crisis has driven people toward Bitcoin as a flight to safety asset.