Loading ...Unlike Gold, Bitcoin Is Not A Safe-Haven
The chart below shows a tale of two assets: gold and Bitcoin. At approximately 9:32 AM EST, reports began circulating that Iran was imminently preparing to launch ballistic missiles at Israel. Interestingly, gold and Bitcoin responded in starkly opposite ways—gold surged while Bitcoin plummeted. This price action confirmed a long-standing frustration I have with Bitcoin: it behaves more like a risk asset than a true safe-haven. If Bitcoin were truly “digital gold,” I would expect it to rise during periods of geopolitical turmoil, not decline.
https://www.zerohedge.com/markets/unlike-gold-bitcoin-not-safe-haven