Do you guys feel this too? Lately more people are linking macro events with Bitcoin again. The idea is that if US Treasuries get sold off hard, yields keep rising, and markets get shaky, Bitcoin could benefit as money looks for a way out.
But honestly, if a serious crisis hits, I think gold would be the first place money runs to. Gold has decades of history behind it. Bitcoin is still young and has not gone through many true system level crises.
My view is that in the short term, if things really get messy, capital probably moves into older assets like gold first. Bitcoin might move with the chaos, and it could even get sold off at the start. Over the long term though, the story around Bitcoin slowly moves toward being a more neutral asset. Younger generations trust it more, and it is easier to move across borders.
So I do not see it as an instant safe haven today, but I also would not rule out that role in the future.
Personally, I separate things. My long term holdings just sit there. For short term volatility, I usually stick to the exchange I am used to, which happens to be BYDFi, but I do not go heavy just because of a macro narrative.
What do you think? If a real macro shock happens, where does money go first, gold, the dollar, or Bitcoin?
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