TLDR
Bitcoin’s price leap was especially significant because gold and crude oil are considered safe havens that tend to attract investment in the wake of economically destabilizing events like the strike against Soleimani in Iraq. But correlation with other haven assets does not mean that bitcoin is definitely a haven asset. Bitcoin is the most well-known alternative to fiat-driven assets, but it is not a truly safe safe haven, given its volatility. Like bitcoin, a viable haven currency should be borderless, censorship resistant, and invulnerable to economic impacts resulting from war and shifting political dynamics.via the TL;DR App
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