Iran attacked oil tankers in the Strait of Hormuz, sending oil prices soaring, while $BTC fell 1.5% along with them.
The crypto crowd talks about decentralization and digital gold, but its actions speak louder than words:
It moves in lockstep with U.S. stocks and shows no signs of being a safe haven.
My take: Until it’s truly accepted by the mainstream as a reserve asset, $BTC is a high-beta risk asset.
Does $BTC count as a risk asset or a safe-haven asset? People have argued about this for a decade—let’s go another round.
#Trending
The crypto crowd talks about decentralization and digital gold, but its actions speak louder than words:
It moves in lockstep with U.S. stocks and shows no signs of being a safe haven.
My take: Until it’s truly accepted by the mainstream as a reserve asset, $BTC is a high-beta risk asset.
Does $BTC count as a risk asset or a safe-haven asset? People have argued about this for a decade—let’s go another round.
#Trending