Is Bitcoin a safe haven?
This is something that some want to espouse. To me, this follows the medium of exchange mantra we heard for so long, which ultimatley was proven to not be really valid.
In this video I dive into how Bitcoin's volatility along with its tendency to have long cycles negates it being a safe haven. The usual suspects are pushing the narrative only to mislead people. Bitcoin is a risk on/risk off asset. This is why it is most akin to the NSADAQ than gold.
Here is the article mentioned in the video:
https://cryptonews.com/exclusives/is-bitcoin-still-a-safe-haven-not-really-according-to-data.htm
▶️ 3Speak