Trade war puts Bitcoin’s status as safe-haven asset in doubt

">">Several years back, many in the crypto community described Bitcoin as a “safe-haven” asset. Fewer are calling it that today.A safe-haven asset maintains or increases in value in times of economic stress. It can be a government bond, a currency like the US dollar, a commodity like gold, or even a blue-chip stock. A spreading global tariff war set off by the United States, as well as troubling economic reports, have sent equity markets tumbling, and Bitcoin too — which wasn’t supposed to happen with a “risk off” asset. Bitcoin has suffered compared with gold, too. “While gold prices are up +10%, Bitcoin is down -10% since January 1st,” https://x.com/KobeissiLetter/status/1896766532312830255

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