Bitcoin Falls Short as Safe Haven Asset: Researcher's Findings
bitcoin’s Maturity as a Safe Haven Asset Questioned Amidst the ongoing volatility in the cryptocurrency market, the debate surrounding bitcoin’s status as a safe haven asset continues to gain traction Nik Bhatia, the founder of The bitcoin Layer, recently expressed skepticism regarding bitcoin’s maturity as a reliable safe haven asset In a recent CNBC interview, Bhatia highlighted bitcoin’s relatively short history as a key factor that undermines its perception as a safe haven asset Despite bitcoin’s potential to act as a hedge against monetary and fiscal policies, Bhatia pointed out that the cryptocurrency often mirrors the movements of the stock market, classifying it as a risk-on asset Challenges on bitcoin’s Path to Safe Haven Status While bitcoin has demonstrated resilience during certain market conditions, the recent correlation with global stock market movements has raised concerns about its safe haven characteristics...
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