Which one is a safe haven asset?
$DJIA $BTC $GLD
Gold.or usd. Never bitcoin.
Although you can’t eat Gold - it seems that toilet paper has become a bit of a safe haven. I read in Hong Kong and armed gang even robbed a warehouse of it.
The only safe haven is cash.
You can talk of havens with different risk levels, from 0 to 100 say, but even cash is not 100% safe. Bitcoin is nowhere in sight on this scale.
I agree with the last commentator. Only cash can always be trusted. It can’t be traced (unless someone intentionally marked the banknotes). That’s why I also think the only safe haven is cash.
Hasn’t Gold been a historical safe haven?
Im sure all those who had their crypto stolen at Mt Gox and other exchanges don’t think its a safe haven.
Not mention losing your personal encryption code.
Great for trading though