RATE Group | This is ‘The Strongest Validation’ of the Bitcoin Safe Haven Theory
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This is ‘The Strongest Validation’ of the Bitcoin Safe Haven Theory

15 Jan This is ‘The Strongest Validation’ of the Bitcoin Safe Haven Theory

Posted at 14:51h in Bitcoin News by

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This is 'The Strongest Validation' of the Bitcoin Safe Haven Theory 101
Source: iStock/Kittikorn

The bitcoin (BTC) safe haven narrative perhaps got its strongest confirmation in the wake of the U.S. missile strike in Iran, and it showed growth as a legitimate asset class, finds crypto market analysis firm Coin Metrics.

The BTC as a safe haven narrative is a tale as old as bitcoin, and numerous discussion have been led in the past decade over the properties of this asset that would allow it to serve as a safe haven, as well as over the possible influence of the geopolitical and macroeconomic events, particularly those causing a sense of uncertainty. “We have witnessed perhaps the strongest validation of the bitcoin safe haven theory in its 11-year history,” writes Coin Metrics in their latest report, “and this watershed moment marks an important milestone in bitcoin’s maturation as a legitimate asset class.”

The recent events the world witnessed between the United States and Iran have provided much-needed empirical evidence in the discussion of…

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