Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: If Bitcoin is safe-haven, why mirror the price movement of the U.S stocks?
by
joniboini
on 08/07/2020, 12:16:49 UTC
⭐ Merited by vapourminer (1)
Graph aside, price movement are an indicator of market sentiment. If an asset is not deemed as a 'safe-haven' or whatever they call it, then the price will move accordingly. In short, if more and more people starts to believe that bitcoin (or any asset) is a good thing to store their wealth, sooner or later the price will follow. It's safe to say that if we don't see that yet, then the market still don't fully trust it even if the potential is there. Time will tell.