Crypto and digital currencies are notorious for being volatile investments that fluctuate with the blowing of the wind. Why then is there an emerging debate about them being safe havens for investments especially after the breakout of war? We will examine a brief contextual history of cryptocurrency and examine arguments for and against them in general. Then we will examine both sides of this new debate and understand the two prominent perspectives that both proclaim and refute crypto to be the new safe haven or the “digital gold” of our time.