The Iran crisis doesn't prove that bitcoin is a safe haven asset, but ETP volumes might
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Quick Take
- Last week’s killing of Iranian general Qasem Soleimani triggered a reaction in financial markets, and bitcoin’s price rose in the aftermath
- These moves fueled arguments that BTC climbed because of its use as a safe-haven asset
- Existing data paints a mixed picture as to whether this is true.
Financial markets were gripped last week by news of the death of Iran general Qasem Soleimani, breathing new life into the idea that bitcoin could serve as a safe-haven asset during times of economic and political uncertainty. The Dow Jones Industrial Average has recovered most of its losses since news broke that the Trump administration […]
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