Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin truly a safe-haven asset?
by
Tristan Bieber
on 03/07/2021, 02:53:36 UTC
Perhaps compared with other physical assets, Bitcoin is not a safe-haven asset. In the current market situation, Bitcoin is undoubtedly one of the virtual currencies with the best hedging capabilities. In the previous global economic crisis, many people began to invest in the cryptocurrency industry, which is enough to prove that the assets in people's hands are no longer in value. With the inflation of fiat currency, people are turning to look for assets with more room for appreciation, even with the volatility of Bitcoin. It is relatively large, but in the long run, as long as you hold it for a long time, at least the bitcoin in your hand will not depreciate, but will continue to appreciate. I believe that bitcoin will become digital gold in the future.