Is Bitcoin a Safe Haven Asset Now?
Along with stocks, bonds, the dollar, most cryptocurrencies are circling as the trade war snuffs out animal spirits. There’s one exception: Bitcoin. That’s because a dollar crisis is looming. And Bitcoin – along with gold – is emerging as a viable dollar hedge. That does not mean I’m bullish on crypto in general. Let’s explore why.
Along with stocks, bonds, the dollar, most cryptocurrencies are circling as the trade war snuffs out animal spirits. There’s one exception: Bitcoin. That’s because a dollar crisis is looming. And Bitcoin – along with gold – is emerging as a viable dollar hedge. That does not mean I’m bullish on crypto in general. Let’s explore why.