Post
Topic
Board Bitcoin Discussion
Re: If Bitcoin is safe-haven, why mirror the price movement of the U.S stocks?
by
Savemore
on 10/07/2020, 02:48:32 UTC
It is really a big mistake if you will treat bitcoin as a safe haven asset because at the first-place bitcoin is so volatile and it already broken one of the characteristics of being a safe haven where its price is stable. There is also no correlation between the price of the bitcoin and the U.S. stocks. IF you will observe the price of the bitcoin today, it is going sideways why some of the U.S. indices are in uptrend and making all time high and 52 weeks highs.