Over the past few days, there has been turmoil in the global markets.
Stock markets around the world around the world have been heavily in decline, and so have cryptocurrencies such as Bitcoin.
Some people are asking - what gives? Wasn't Bitcoin supposed to be an uncorrelated safe haven asset? And if Bitcoin declines the same time that stocks do, does that mean it's failed as a safe haven asset?
That's what we'll be discussing in this video.
🧠 FREE CRASH COURSE - Learn to securely buy, store and sell cryptocurrencies:
https://louis-thomas.teachable.com/p/buying-bitcoin-crash-course
🧠 Want to get smart about crypto investing? Download my brain here:
https://louisthomas.co.uk/download-my-brain/
▶️ 3Speak
for now i still see bitcoin as a safe haven asset though it is not exempted from been affected by some certain factors which could have affected the decision of those who invested on the market,e.g the news of the coronavirus caused panic which made many stock markets and other financial markets to loose so much,and bitcoin is not an exemption too...
Posted via Steemleo
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well said :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It is still too early to tell at this moment.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Agreed!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i cannot currently consider bitcoin to be a safe haven asset because the same factors that affect other markets also affects it too,bitcoin also faces the same challenges faced in other financial markets,it is a market that is also risky to invest on just like every other kinds of investment....
Posted via Steemleo
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
True - the risk is real!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit