Look at this graph. While stock market and crypto crashed this morning, gold became more valuable. Crypto was supposed to be the safe haven during a time of crises. It's official, Bitcoin is not a good hedge asset. Even when the pandemic first started in March 2020, crypto crashed, exactly like the stock market. If you set aside your bias towards crypto and be smart, you'd buy some PAXG right now. But the problem is, when did Bitcoin become so coupled with the market? [link] [comments] |
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