Is this really what a safe haven asset looks like?

So let me get this straight, at the first sign of bad inflation data, and a few unruly tweets from a celebrity billionaire, bitcoin loses like 40% of it's value?

How can we possibly continue calling bitcoin a safe haven asset?

Safe haven assets do not behave like this. They are stable. They are resilient when uncertainty runs higher. That's what makes them safe havens.

What we are experiencing here is what a highly leveraged speculative asset looks like.

The myth that crypto and BTC will save us when the financial system struggles is the biggest crock of shit I have ever heard.

We have all convinced ourselves to believe in a load of bogus to keep the gravy train rolling.

I am sure this will get down voted to oblivion, but the proof is in the pudding. I am speaking the truth: this is not a safe haven.

Submitted May 19, 2021 at 10:23AM by Troflecopter https://ift.tt/3uZpgcY