Mark Cuban called bitcoin a failed hedge last week. Took about a week to prove him right.


When the US hit Iran on Wednesday oil jumped over $94, gold went up, every safe haven did its job. But btc dropped below $73,000 and dragged nearly $1 billion in liquidations with it.
Correlations spike in a panic and fall back once fear clears so it’s not exactly the end of the digital gold thesis. But every time the test comes btc has been failing
BTC-4.61%
XAU0.18%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned