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



Isn’t bitcoin meant to be a safe haven, is there a use case?


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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30 COMMENTS

  1. 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.

  2. 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

  3. 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.

  4. 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.

  5. 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).

  6. 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! ?

Comments are closed.