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.
Hasn’t Bitcoin gotten to a stage where we can see it as a safe haven? If you look at the value of Bitcoin from 2009 to this 2021 you will see that there is a huge difference. Someone who have invested between this time range would have gotten enough in return, because the price kept increasing from the toll now, while our Fiat keeps decrease in and even got worse during the pandemic.
What do I do understand that during the pandemic a lot of Twitter currencies were affected and that includes Bitcoin, but it wasn’t only for this, because there are lots of other assets on stocks markets that we are affected. Bitcoin has kept going stronger even after all that has happened