Iran attacks oil tankers in the Strait of Hormuz; oil prices surge, and $BTC falls along with it by 1.5%.
Crypto on the outside claims decentralization and digital gold, but in practice it’s being very honest:
It rises and falls with the U.S. stock market—there’s absolutely no sign of any safe-haven behavior.
My view: Until $BTC is truly accepted by the mainstream as a reserve asset, it is nothing more than a high-beta risk asset.
Does $BTC count as a risk asset or a safe-haven asset? People have argued about it for ten years—here we go again
#Hot
Crypto on the outside claims decentralization and digital gold, but in practice it’s being very honest:
It rises and falls with the U.S. stock market—there’s absolutely no sign of any safe-haven behavior.
My view: Until $BTC is truly accepted by the mainstream as a reserve asset, it is nothing more than a high-beta risk asset.
Does $BTC count as a risk asset or a safe-haven asset? People have argued about it for ten years—here we go again
#Hot