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.
References:
Bitcoin Fundamentals
Bitcoin’s cost of production is about to be doubled.
Countries are printing a lot more money.
Do the math and figure out if this dip is a massive opportunity or not!?
— Altcoin Buzz (@Altcoinbuzzio) March 9, 2020
Literally nothing has changed with the fundamentals of bitcoin.
So if you were bullish at 9k…
— Altcoin Buzz (@Altcoinbuzzio) March 10, 2020
Isn’t bitcoin meant to be a safe haven, is there a use case?
Transfer of value over an ultra secure network with limited supply, ability to transfer small amount of value and the fact that it costs real money to produce it, is not for enough for you? ?
— Altcoin Buzz (@Altcoinbuzzio) March 9, 2020
https://ftalphaville.ft.com/2020/03/09/1583742985000/Isn-t-bitcoin-meant-to-be-a-safe-haven-/
https://www.forbes.com/sites/cbovaird/2020/03/09/is-bitcoin-really-a-safe-haven-asset/#7dcb8ccd2f0c
https://decrypt.co/21885/bitcoin-can-still-be-a-safe-haven-experts-say
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Way I look at it: IF banks start to close branches bc of the Coronavirus, that panic will probably help btc
I can't see BTC as being a safe haven asset any time soon. Its marketing cap is way too small in the grand scheme of things.
The digital economy is only growing…which-ever crypto coins come out top, digital assets are a thing of the future.
Every single time a crypto youtuber says "It's not a financial advice"…. then in fact, it's one.. … soooo weird
In some way I wish btc will go back to $6500.00 to buy more! I want to get back all my btc that I loss with all the scams from 2017-2018
BTC safer than stock that’s for sure
well, if every time the markets go to shit and take btc with them btc is going to start going up again like today I'd call it a safe heaven
Wait. Is this financial advise? ?
There are no safe havens in this life.
You think you can give FUD? I was raised in altcoins, molded by them.
Veiwers :What WALLETs /ledgers do you HODL your crypto???
🙂
Agree 5-10 year horizon. Long term
Thanks
I like your financial advice, thx ?
Bitcoin doesn't have the market cap to be a safe haven asset yet.
zeus
Lol, I love the comments! I am still up 94%. DCA ETH baby!
You should cover cardanos hydra paper. They have solved scalabikity for blockchain. 1000k tps per node up to n amount of nodes. Based on K value right now we are looking at a minimum of 1 million tps once its layered. The base protocol even without hydra upgrades is 1k tps.
Bitcoin as a safe haven? Hopefully in the near future it will be so.
As of right now I don't think we're quite there yet..
COVESTING $COV will be used as utility on PRIMEXBT in just days. Only a 2m marketcap right now. Only 10 cents at the moment. Utility exchange coins are notoriously successful such as BNB and KCS
Oh man… My hedge coin…
Hey guys, this ISN’T financial advice.
Never thought it was. 100% speculative.
With regards to the USD yes it is a safe haven. People's need to leave their emotions out of it. Stick to looking at its fundamentals and relax. Just take a look at the S2F model. Bitcoin is still repecting the model.
I think a lot of people have FEAR which will make it seem as not a safe Haven. But once they realize that the Fiat currency slips father into quick sand they may run back for another chance to save they're wealth.
I'm hoping BitCoin and Crypto in general end up becoming a non-correlated asset. Something that doesn't correlate with anything else (not bonds, gold, stocks).
Great vid!
Brilliant content Matty!
Right on point!
After all, BTC was born during a crisis with the intention as an alternative financial vehicle…. GIven time & growing confidence, this space WILL be the hedge of choice! ?
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