Is Bitcoin a Failed Safe-Haven Asset? InvestAnswers Looks at Performance of BTC Against Gold - BitcoinEthereumNews.com
Bitcoinक्या बिटकॉइन एक असफल सुरक्षित-संपत्ति है? InvestAnswers सोने के मुकाबले BTC के प्रदर्शन को देखता है02 / 28 / 2022बिटकॉइन एथेरियम समाचार A closely followed crypto analyst is comparing the performance of Bitcoin (BTC) and gold in response to views that the precious metal fares better than the flagship cryptocurrency as a safe haven asset. In a new video, the host of a prominent crypto chanel InvestAnswers addresses reports claiming that current geopolitical tensions show that Bitcoin is failing as a safe haven asset. To dispel the bearish narrative for BTC, the analyst compares the top cryptos performance against gold just as Russian military forces invaded Ukraine. Gold did have its day, but it was very short-lived. You can see here, the war begins, gold rallied up 3%-4% in about 12 hours, and people were very happy. Bitcoin fell 6%, but the irony is it only fell 6% for six hours. Now its higher than it was, so just over the last week, some from pre-war to the anouncement of war to posts three days, four days in, you can see Bitcoin is up 8% for the week and gold is down 1%, so are the gold bugs still celebrating? The analyst says that based on