Canada decides a CBDC is unnecessary while the Twitterati debate BTC as a safe haven and the six-year anniversary of Mt. Gox brings reflection. <\/p>\n
Bitcoin (BTC) is having a terrible, horrible, no good, very bad day. Many are using the dump - which from a timing perspective aligns with a broader market sell-off on coronavirus fears - as a way to diminish the bitcoin as a safe haven narrative.<\/p>\n
In this episode, @nlw revisits that narrative and argues it is uncomfortably bunched up with the uncorrelated asset narrative, or, as Chamath Palihapitiya calls it, schmuck insurance.<\/p>\n
This episode also covers:<\/p>\n
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.<\/p>\n
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Read more from the original source: <\/p>\n
Is Bitcoin a Safe Haven or 'Schmuck Insurance'? - CoinDesk - Coindesk<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Canada decides a CBDC is unnecessary while the Twitterati debate BTC as a safe haven and the six-year anniversary of Mt. Gox brings reflection. Bitcoin (BTC) is having a terrible, horrible, no good, very bad day Continue reading