> Is the Uptober in the room with us right now? https://x.com/PopPunkOnChain/status/1841137861971567023
hahahah well it is a bit strange that only crypto tanked. The S&P500 didn‘t seem to panic sell on the news, so it seems AI isn‘t affected by middle eastern war 🤷‍♂️
You might question BTC status as a safe haven, maybe it is more of an alternative to traditional finance rather than a reliable store of value. Actually performance often aligns more with risk-on assets, where investors are willing to take on more risk in pursuit of higher returns. When a crisis comes those are the first to be sold-off as investors may move towards traditionally safer assets like gold, bonds, or currencies perceived as safe havens.
well well well, that is a frameing question. I‘ve read someone argue that BTC is the most liquid asset because anyone globally can just dump it to get fiat so it is the earliest to reflect real price whereas other assets are harder to pass onto others because of regulation, logistics, contracts etc. It is, of course, a risk asset too.