The question of whether Bitcoin is a risky asset or a safe-haven asset has been talked about many times, and another N+1 time
In the eyes of different people, the attributes of $BTC are different, and for high-net-worth investors, BTC may be a safe-haven asset, but what is avoided is not the risk of asset depreciation, but the risk of asset acceptance.
If in a time of geopolitical conflict, the first thing the country blocks is foreign exchange, and if you want to leave the country, many assets cannot be taken away, such as local gold, stocks, bonds, real estate and cash, and BTC is different, when Biden was in office, many people took cryptocurrencies with them.
In fact, for ordinary people, stablecoins are the best, but stablecoins do not have the imagination of appreciation, and for high-net-worth investors, it is not short-term fluctuations, but the value of long-term time, so in recent years, it is obvious that BTC is moving to long-term and high-net-worth investors.
But for small-scale investors, BTC is bound to be a risky asset because of its strong volatility, after all, for most investors, BTC is just a tool for wealth, not wealth itself.
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As soon as risk aversion occurs, this issue must be discussed
I've talked to @Phyrex_Ni @Trader_S18 @qinbafrank about this several times from last year to today
Including the last time Trump clamoured for a change of Fed chairman, gold and BTC rose in tandem
In the end, I came to the conclusion that in the face of the economic side of the risk aversion brought about by the decline in the credit of the US dollar, the hedging factor of BTC will be more obvious, because BTC was used in the offshore scenario of the US dollar when it first appeared
However, in the face of global risk aversion caused by geopolitical risks, BTC has a poor risk aversion factor, because the geopolitical impact is not only the US dollar, but probably all economies in the world
This point needs to be distinguished, of course, we still have different views after talking about it with the old ones, let's see what a few of them say!
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