The most important debate around crypto is whether investors should think of bitcoin as a “safe haven” asset like gold and bonds. If bitcoin really is a safe haven, then it should resume its trend lower. It’s rallied when the economic outlook looks rough, because right now, the market equates uncertainty to central bank activity. Bonds and gold followed, but bitcoin had the most pronounced move, because it has the most riding on central bank cuts. If this continues, the odds of a rate-cut will likely revert lower, and the trend lower in bitcoin should, according to this theory, resume downward too.

Source: Forbes February 07, 2020 15:56 UTC