In times of crisis, people are uncertain whether banks can continue to operate, and confidence in the banking system or its government support often falls to the point of bank runs, and there is little reason to believe that banks will continue to operate. Bitcoin is global, so there is no reason to doubt that it will continue to operate. This means that if there is an economic recession, banks and governments will face solvency issues, making their services somewhat risky, and Bitcoin looks more stable. Bitcoin is outside the banking system, although its price fluctuates, cryptocurrencies can sometimes provide better long-term stability than real-world currencies that are more volatile.
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US Federal Reserve Chairman Jerome Powell once stated that Bitcoin is a "speculative store of value" and Bitcoin investors are speculating on it as a store of value.
This is not to say that Bitcoin cannot play the role of a safe haven, but Bitcoin may not be a real safe-haven asset at this stage.Will Bitcoin eventually become a safe haven for the banking system?
https://www.rt.com/op-ed/531238-crypto-regulation-sec-cbdcs/