26 Feb 2020
Correlation and bitcoin as a safe haven, the misunderstandingNo, bitcoin is not a safe haven because it goes up when there is global instability. It is because of its two unique properties. One being that it is uncorrelated with all other asset classes over time, and the other being that it is censorship resistant.
There is a great misunderstanding that has been floating around in the news lately. Bitcoin and gold have been moving in opposite directions, and the global markets have been crashing as fear around the Coronavirus, Covid-19, is growing.