Bitcoin's Safe Haven Status Questioned Amidst Market Uncertainty
According to reports, Bitcoin is not behaving as a traditional safe haven asset like gold during times of uncertainty. Instead of holding its value, Bitcoin is reportedly being sold by investors to quickly raise cash, acting more like an "ATM." This behavior challenges the narrative of Bitcoin as a reliable store of value during economic downturns or periods of heightened risk. The development suggests a shift in how investors perceive and utilize Bitcoin in their portfolios, particularly when compared to established safe haven assets.
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