Bitcoin has soared this week, climbing to $10,000 and revving up the market ahead of the closely-watched halving next week. The bitcoin price has now erased all its coronavirus crash losses, up almost 40% since January 1and putting it on track to be one of the years best performing assets.
It was really good to see that the market has already reached at $10k for quite sometimes after the hard drop because of the coronavirus becoming pandemic. It was then given to the extent how halving affects the market flows and makes a push to move higher but this not gives the assurance of being considered as a safe haven asset for that we know Bullish could also be changed into bearish even in that day.
Believing to it volatile in nature, I couldn't consider Bitcoin to be a safe haven asset, only I think as a profitable market but not it gives safety assurance to all crypto holders.