Home CryptoCurrency Bitcoin Is Bitcoin a Safe Haven or ‘Schmuck Insurance’?

Is Bitcoin a Safe Haven or ‘Schmuck Insurance’?

Is Bitcoin a Safe Haven or ‘Schmuck Insurance’?

Canada decides a CBDC is unnecessary while the Twitterati debate BTC as a safe haven and the six-year anniversary of Mt. Gox brings reflection.

Bitcoin (BTC) is having a terrible, horrible, no good, very bad day. Many are using the dump – which from a timing perspective aligns with a broader market sell-off on coronavirus fears – as a way to diminish the “bitcoin as a safe haven” narrative. 

In this episode, @nlw revisits that narrative and argues it is uncomfortably bunched up with the uncorrelated asset narrative, or, as Chamath Palihapitiya calls it, “schmuck insurance.”

This episode also covers:

Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Source link


Please enter your comment!
Please enter your name here