Beware of robber banks (RB), bad advisors.
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Bitcoin and the Demise of the “Digital Safe Haven” Narrative
There’s no shortage of market narratives that have collapsed over the last two months, but for cryptocurrency traders, the implosion of the “bitcoin as a digital safe haven” meme may be the most significant. Like just about every other major asset, with the possible exception of US treasury bonds, traders dumped digital currencies relentlessly earlier this month in a mad dash to raise cash (specifically US dollars) from any liquid asset. At least when it comes to “The Great Cessation” of economic activity as countries across the globe shutter in unison, Bitcoin has served as a poor store of value in recent ... (full story)
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- Mar 24, 2020 11:06pm Mar 24, 2020 11:06pm
- Not-KPMG
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- Not-KPMG
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Beware of robber banks (RB), bad advisors.
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- Not-KPMG
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Beware of robber banks (RB), bad advisors.
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- TudorIoan
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- Not-KPMG
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Beware of robber banks (RB), bad advisors.
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- Mar 25, 2020 3:17am Mar 25, 2020 3:17am
- trumps
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Compulsions can be hard to resist