Why is bitcoin losing value at a time of conflict? Isn't it intended to do the opposite?
What I believe:It depends on your perspective, whether short- or long-term.
Bitcoin is not and has never been immune to short-term hysteria.
Bitcoin benefits in the long run from efforts to shut out whole countries from the international correspondent banking system.
Obviously, I am on the side of the excluded, i.e. the misfits. My good buddies are all financial misfits!
How do you feel about this? Yeah I personally would pretty much side with everything you’re stating here. If one wants a true hedge, then they need to purchase gold or other precious metals. Bitcoin is still a very new asset and it’s going to take some time for it to become a true hedge asset. In the long run I certainly see it becoming that. My two anyhow.