Bitcoin evangelist has always attributed Bitcoin to be a safe-haven asset, while extreme fanatics believe that Bitcoin is far better than gold. Bitcoin was born in the wake of the 2008 financial crash as a libertarian currency and as an instrument that could help cushion the event of a future financial crisis.
Since Bitcoin is purely a speculative risk asset, many people have doubted its position as a purported safe-haven asset, I am not one of them anyways. However, since Bitcoin hasn't witnessed a global recession yet, I feel Bitcoin hasn't sufficiently defended its narrative as a safe-haven asset.
As the possibility of a global recession intensifies, what's your take on the possible performance of Bitcoin? will it go down with the traditional market or will it defend its name? I am very much interested to know.
Bitcoin is not really a safe shelter. Because Bitcoin can be stolen by hackers or network criminals. They can penetrate your computer and stolen accounts or personal information. Bitcoin is a valuable asset so many bad guys want to take over. You have to protect your property well.
Exactly, safe-haven, means that "SAFE"
Everybody that I know who has "LOTS of BTC" fears the Nigerian Mob kicking their door down, the family getting raped until the private-keys are handed over, u get the picture.
Is Asia everybody has gold, and its hidden, but with BTC right now, just a few people have a lot of it, and they CANT seem to keep their mouth shut.
In all human history, the rich always keep a low profile.
Yes, its very easy for criminals to steal your bitcoin, hell its easy for criminal through social-engineering to get your family members to steal your bitcoin.
All anybody needs is a 32 character string, with that your money is gone. There has never been a better time to steal, bitcoin has created a criminal paradise on earth, where even the victim can't go to the police, as they dont' even know how to investigate the crime.
Its easy for criminals to find large addresses, to geo-locate the owners; its all easy to hack bitcoin, its easy to hack wallets, its easy to hack stolen .json wallet files on computers or phones its all too easy