Is Bitcoin A Safe Haven Asset?
Some days ago stock markets were falling strong, but so-called “safe-haven” (safe harbor or shelter) assets were booming. Gold, silver, sovereign bonds jumped and so did Bitcoin. (To approximately 12,000 USD from near 10,000.) But Bitcoin is also very volatile, in December the price was 3100. Who knows when it falls steep again.
Is Bitcoin a safe harbor, or not?
- Yes
- No
- Can’t decide
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Bitcoin is a non-correlated asset but I wouldn't call it a safe haven. Fund managers would be smart to allocate a small percentage of their portfolio to Bitcoin simply because it is non-correlated but to park any large sums of money in it would be unwise. A regulated fund wouldn't even be allowed to do so. An individual investor would, of course. But I would advise against investing any more money in crypto than one is prepared to lose in total.
The same by all risky assets, stocks, commodities, corporate bonds, most real estate investments. You can reach Bitcoin-level risks also with traditional assets if they are leveraged
The key word here is "leveraged".
I think we agree
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