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.
This tweet is sponsored by @ApeXProtocolCN|Dex With ApeX
Whenever there is a risk aversion, this issue must be discussed.
From last year to today, I have talked about this topic several times with @Phyrex_Ni, @Trader_S18, and @qinbafrank.
Including the last time when Trump was shouting about changing the Federal Reserve chairman, gold and BTC rose simultaneously.
In the end, my conclusion is that in the face of the economic side risks brought by the decline of the dollar's credit, the risk-hedging factor of BTC is quite obvious, because BTC was originally created for offshore scenarios involving the dollar.
However, in the face of global risk aversion caused by geopolitical risks, the risk-hedging factor of BTC is relatively poor, because geopolitical impacts are not limited to the dollar; they may affect all global economies.
This point needs to be distinguished. Of course, after discussing with the old friends until now, our views still differ. Let's see what a few of them have to say!
92.69K
87
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.