Bitcoin price: If cryptocurrency is a 'safe haven' why is it tanking?
From fortune.com
When the going gets rough—stocks falling, interest rates in decline, debts mounting—investors look to “safe haven” assets, like gold, that are supposed to retain value while the rest of the world burns up. Cryptocurrency investors argue Bitcoin should hold a similar place in the financial firmament: a reliable fallback in times of crisis. It’s digital gold, they say. But at this moment, when safe haven assets should be holding up, Bitcoin is sputtering. The cryptocurrency had its single worst performing day in seven years on Thursday when its price dropped from nearly $8,000 to below $6,000. Early Friday, its price ...
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