Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Topic OP
Why Bitcoin seen as 'Risk On' Asset instead of Gold's 'Risk Off' Status?
by
very_452001
on 01/12/2021, 16:00:14 UTC
⭐ Merited by BITCOIN4X (1)
Everybody says Bitcoin is Gold 2.0 is the new digital gold and will replace gold, an inflation hedge like Gold. Bitcoin & Gold properties are matching except for 1 thing:

- Bitcoin seen as Risk On Asset instead of Risk Off like gold, so in times of economic uncertainty Gold price soars because its risk off and in uncertain times stock market crashes & crypto crashes.

So if Bitcoin is store of value like gold and does the same as Gold then why isn't it classed as Risk Off status like Gold?

In times of economic uncertainty where risk on markets crashing everywhere Bitcoin should be the hedge king right rising up and not be correlated to risky stocks correct?