Not a Safe Haven, but Maybe Something More

Born within a financial meltdown and crisis, Bitcoin (BTC) has found itself again in the role of a proto-savior for the current failings of fiat and national currencies. Those failings namely being that national fiat currencies continue to be printed at a whim when political leaders are caught in a catch-22 between mass poverty and mass currency inflation — with any result likely being a compromised and unsatisfying mélange of stagflation.

Nevertheless, Bitcoin still isn’t immune from the pressures of a world steered toward uncharted waters. While one might respect the philosophical rigor of Bitcoin, it goes without saying that it is as vulnerable as any other asset in a panic-driven liquidity crunch. In a global economy where supply chain pressures have somehow made toilet paper the most valuable currency of all, Bitcoin could very easily be starting to lose the narrative that it is a store of value equivalent to digital gold. The fact that Bitcoin was an early asset sold off,…