BTC a safe haven?

in #bitcoin4 years ago

I recently got asked if i thought BTC was a risk-on or a safe haven asset?

My response: I view Bitcoin as a savings vehicle and that is what i recommend others to view it as well, but i think the world still views it as a Risk-on.

Expanding further on the above, i think depending on your needs and where you are in the world, what BTC offers, is what will attract you to the space. If you are not a degen-gambler... then in a place like America, the yields that you can get from Cefi or Defi platforms from BTC or stable coins might attract you, since the search for yield is a problem all Americans have. If you live in a banana republic somewhere in south america. your may just look for something that wont get inflated away by a central bank and BTC fills that niche.

Ii think BTC is the solution to many problems, but over time i think it will become the savings vehicle of the world.... but it will take time

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thanks for the upvote