In times when the fear of a recession and especially of an expansion of a war is expanding,
safe heavens such as gold give their best.
Why isn't #Bitcoin doing the same thing?
Is Bitcoin not considered a store of value?
As much as I like #BTC , no.
Bitcoin is not a store of value but a risk-on asset
It's trend is much closer to that of the Nasdaq than to that of gold.
An asset that in 24h is able to make a -15% or a +15% cannot be considered a store of value because its too volatile.
It has a capitalization that is still too 'low' and with a historical not yet sufficiently developed to be compared to gold.
The day will come when it can be considered a safe heaven,
but that day has not yet arrived.