Has Bitcoin Failed As a Safe Haven Asset? Video by Altcoin Buzz.
It’s important to have somewhere safe to park your money. That’s why there are “safe haven assets” that investors flock to at times distress like gold, high-rated government bonds and, of course, bitcoin.
Bitcoin is a special kind of safe haven, though. Because whereas other safe havens tend to show negative correlations with so-called 'risk' assets like stocks or oil or high-yield bonds, bitcoin tends to show no correlation to anything.
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