Bitcoin has become an asset haven again after a 20% spike in the past two days?

Bitcoin continues to lead cryptocurrencies higher as it extends the gains of the past two days. As of writing, bitcoin is nearing $44,000, up 20% in two days, and ethereum is approaching $3,000.

Investors are once again looking to cryptocurrencies as safe-haven assets and potential tools to escape sanctions amid ongoing tensions between Russia and Ukraine.

Stéphane Ouellette, CEO of FRNT Financial, said bitcoin has properties similar to gold, and if you hold it then you can control it directly without being under the control of institutions such as banks.