Why Bitcoin’s Safe-Haven Narrative Has Flown Out the Window
After the past week, bitcoin will never again be considered a safe haven investment, argues Noelle Acheson. And that’s not a bad thing…
Excessive leverage increases bitcoin's volatility and puts off mainstream capital from entering the market, says Vishal Shah.
Like gift cards, digital tokens represent claims on future services. In a downturn, those tokens may not lose value as readily as equities and debt.
The crypto-rich are just like the usual rich: They will do whatever it takes to avoid paying taxes including moving abroad. But bitcoin makes that much easier.
It'll take a real financial crisis for bitcoin to prove its safe haven value.
This liquidity crunch and ensuing government intervention is laying the foundation for bitcoin’s adoption as a safe-haven asset.