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Why Bitcoin’s Safe-Haven Narrative Has Flown Out the Window
Listen. That whooshing sound you hear is not just the bitcoin (BTC) price. It’s also the sound of the safe-haven narrative flying out the window, probably for ever. March 12 was not bitcoin’s worst 24-hour price crash ever. That honor belongs to April 11, 2013, when bitcoin fell by almost 50 percent. image Comparing the two crashes helps to understand what happened this week. It also helps to form a picture of what this sector could look like going forward. For context, in April 2013 Ethereum had not yet launched, Mt. Gox was the largest bitcoin exchange and the Harlem Shake meme dominated the internet. The ... (full story)
