Cash Is the New Safe Haven as Crypto, Gold Continue to Tank
It turns out cold, hard cash with a helping of government bonds - not bitcoin or gold - is where people turn in the face of a pandemic and "apocalyptic" market turmoil.
Safe Haven
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.
Excessive leverage increases bitcoin's volatility and puts off mainstream capital from entering the market, says Vishal Shah.
This liquidity crunch and ensuing government intervention is laying the foundation for bitcoin’s adoption as a safe-haven asset.
After the past week, bitcoin will never again be considered a safe haven investment, argues Noelle Acheson. And that’s not a bad thing…
Safe Haven
