
Wayne
508 posts











Most Bitcoiners think BTC is a safe haven asset but the truth is nuanced. It has the properties of a safe haven asset. In times of war you can take your seed phrase, cross borders and start afresh without losing your wealth. It should be independent of the system and thrive if it collapses. These are the properties you’d expect of a safe haven. BTC has the properties of a safe haven but to this day, in times of uncertainty and war it trades like a risk asset, very sensitive to uncertainty. This is because the large capital pools don’t acknowledge BTC’s properties as it’s considered too new and untested. Hence it trades like the NASDAQ. It’ll take another decade for it to gain market acceptance as a safe haven, maybe longer. When it does, it’ll give gold market cap a run for its money.






























