Bitcoin's True Value: Rising in Adverse Economic Conditions
CryptoNewsTerminal Staff05 Aug, 2024
Bitcoin's True Value: Rising in Adverse Economic Conditions
Bitcoin as a Safe Haven Ju Ki-young, CEO of CryptoQuant, believes that Bitcoin (BTC) should appreciate when the macroeconomic climate deteriorates. According to him, investors who view BTC primarily as a digital store of value, similar to gold, tend to accumulate it during economic downturns. These investors recognize Bitcoin's potential as a hedge against inflation and market volatility. Contrasting Views on Bitcoin On the other hand, those who perceive Bitcoin as a speculative asset, akin to tech stocks, may panic and sell it in favor of traditional safe havens like gold during uncertain times. However, this behavior contradicts Satoshi Nakamoto's original vision for Bitcoin, which was intended to serve as a decentralized and inflation-resistant digital currency.
