Bitcoin Faces Critical Week to Confirm Safe Haven Potential — Analyst

in DLIKE • 4 years ago

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Bitcoin’s strength in the face of fresh stock market turmoil is making analysts quietly confident about its future as a safe-haven

Such behavior would follow what he describes as “flight to safety 101.” He continued:

“1) Traders exit risk-on leveraged positions and sit in USD. Retail investors sell to USD for runway (hard times ahead). All assets crash against USD. 

2) After peak fear, best assets for hedging the times ahead rise in value (Gold 2008, Gold & BTC 2020).”


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4 years ago in DLIKE by
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