Written by

Anders Helseth

Vice President

Bendik Norheim Schei

Head of Research

Torbjørn Bull Jenssen


21 Mar 2023

Bitcoin - A risk asset or a system hedge?

Up 40% over the past 10 days

In short

Bitcoin has surged amidst the backdrop of bank collapses and fears of contagion. Is bitcoin acting as a safe haven asset or simply reacting to expectations of potentially lower interest rates? Dive into our latest market report to learn more.


Bitcoin climbing above $28,000

Volumes to new highs

Futures basis to new yearly highs on CME

Record ProShares flows

Clear shift in options trading sentiment

Fluctuating interest rate expectations, and a massive jump in the FED's balance sheet