RATE Group | Bitcoin Can’t Be a Safe Haven and 100x Leverage Is Why
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Bitcoin Can’t Be a Safe Haven and 100x Leverage Is Why

22 Apr Bitcoin Can’t Be a Safe Haven and 100x Leverage Is Why

Posted at 04:41h in Cryptocurrency News by

Vishal Shah is founder of Alpha5, a new bitcoin derivatives exchange backed by Polychain Capital. 

Despite some championing, it is clear bitcoin is still a risky asset on a peripheral investment frontier, and not a safe haven at all. 

Bitcoin is simply not going to be a primary concern for capital swimming around in traditional markets. Remember, this is a time when assets like U.S. equities are enduring unprecedented volatility. There would need to be a return to frothy markets and the comeback of marginal greed to see more institutional players wandering inside the crypto gates. 

See also: As This Crisis Worsens, Bitcoin Will Become a Safe Haven Again

You might think macro developments such as profligate money printing would give bitcoin a reasonable investment thesis. But that is not manifesting, and for good reason. The ecosystem around bitcoin is limiting its own long-term prosperity. Topping the list of ailments is bitcoin volatility, which is artificially created by…

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