As This Crisis Worsens, Bitcoin Will Become a Safe Haven Again
This liquidity crunch and ensuing government intervention is laying the foundation for bitcoin’s adoption as a safe-haven asset.
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.
Excessive leverage increases bitcoin's volatility and puts off mainstream capital from entering the market, says Vishal Shah.
Just because gold is losing momentum and bitcoin is gaining it doesn't mean investors are selling gold to buy bitcoin – not yet, anyway.
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.
It'll take a real financial crisis for bitcoin to prove its safe haven value.