Bitcoin has again failed the safe haven test. On Friday, as escalating trade tensions sent global stock markets plunging, investors sought refuge in monetary safe havens. The Japanese yen, Swiss franc, and especially gold all moved higher. Yet Bitcoin plunged by more than stocks!
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he’s only right in the tightest of timeframes
If you are saving up for your 2020 cuff links and can't stand the short-term volatility of Bitcoin, gold is safer. If you are saving for your legacy, and want your savings to be protected from the deeper risks of the coming decades, BItcoin has a much deeper safety than gold.pic.twitter.com/Ws8QXLWTJl
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