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.
Your definition of bitcoin would more likely rely on how you use it or how it functions in your life. With regards to bitcoin becoming a safe haven asset, it will also depend on how well you are securing as well as making decisions that protects and increase the quantity of bitcoin you obtain. Over the years, lots of people took risk in crypto investments not only because it is on the trend but because they saw lots of people's life changing over time which makes their trust for it increase even more. Bitcoin's performance will keep on getting better but for now we have to endure the crisis we are facing and be patient.