It is now confirmed. Bitcoin is not a safe haven asset. Its not a store of value and its not trying to be a currency. So what is it good for?

For 6 year, the narrative wasBitcoin is digital cash"Somewhere around 2016 or 2017, that changed. Then the narrative wasBitcoin is a non-correlated asset, a safe haven asset. Its a store of value!Well, today that narrative was proven wrong. In times of crisis, people move into safe haven assets like gold. That is not what is happening with Bitcoin today.So if it's not a currency, not a safe haven asset, and not a store of value. So what is it?

Submitted March 13, 2020 at 06:35AM