Willy Woo: La tendencia de Bitcoin se asemeja más a la del Nasdaq, o todavía necesita diez años para ser reconocida por el mercado como un activo de refugio seguro

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Golden Finance report, April 24th, crypto analyst Willy Woo stated that most Bitcoin holders believe BTC is a safe-haven asset, but the reality is more complex.
Bitcoin indeed has safe-haven properties, such as during wartime when it can transfer assets across borders via mnemonic phrases and restart, and theoretically should be independent of traditional financial systems, benefiting in system crashes.
But in reality, during periods of uncertainty and war, Bitcoin’s trading performance is closer to that of risk assets, highly sensitive to market sentiment.
The reason is that large-scale funds have not yet fully recognized Bitcoin’s safe-haven attributes, considering it still relatively new, lacking long-term validation, so its trend is more similar to Nasdaq.
He believes that Bitcoin may still need about 10 years or even longer for the market to widely accept it as a safe-haven asset.
Once achieved, its market value could compete with gold.

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