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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BTC isn't mature enough to be looked at as a safe haven in a failing economy. Once people more people learn how to use it, it will out perform gold by far. Gold isn't a safe haven in a global failing economy long term. It's safe now, ahort term. Bitcoin is the new economy.
By "safety" many traders & investors with short time horizons just mean low short-term price volatility, and in those terms bonds and gold are much safer. Bitcoin is safety against bigger risks that grow in longer time horizons & aren't reflected in short-term measures.pic.twitter.com/4y3owm8RCv
![⚡The_Freeman [₿TC/Gold/$ilver]](https://pbs.twimg.com/profile_images/983483471879323649/ox6egKeJ_normal.jpg)
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Agree but bonds today come with guaranteed loss. This will only make gold and silver look like better safe havens. No clue what the price will be because of this...but it's 100%
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Bitcoin might take more time. Scarcity factor is in it's favor though.Thanks. Twitter will use this to make your timeline better. UndoUndo
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