They believe bitcoin is no safe haven..

[Ziskinberg]

Bitcoin Price Tumbles as Gold Rises. Why Crypto Is No Haven.

Israel launched a wide-ranging strike on Iran overnight, targeting the country’s nuclear program and military leadership. Oil prices jumped and markets fell. Futures tracking the S&P 500 were down 1.4% early Friday morning.

Ether and XRP were down 7.1% and 3.7%, respectively. Solana plummeted nearly 9%.

Gold, the ultimate haven asset, rose 1.1%.

I’m pretty sure we’re all aware of what’s happening between Israel and Iran right now, and because of that conflict, there’s been a major impact.

But as this article points out, gold went up, while Bitcoin and other cryptos didn’t.

So now they’re concluding that Bitcoin isn’t a safe haven, just because of a short-term price drop? That feels like a rushed judgment.

[_act_]

Why did you mention all these shit coins? I mean ether, ripple and solana that you mentioned. We all know that if the price of bitcoin drops, the altcoins price will drop. Also if the price of bitcoin rise, the altcoins price will rise also. So mentioning altcoins is irrelevant unless they are not following bitcoin price.

Bitcoin is a safe haven but do not use short term speculation to make the conclusion but a long term speculation. Just check the long term chart and you will understand what I am saying.

[Russlenat]

A 1% increase in gold isn’t exactly a strong sign that investors are heavily putting their money into it, maybe just a small shift. As for crypto or Bitcoin dropping during this ongoing conflict, that’s understandable. In my opinion, investors still tend to choose gold over crypto for now.

But at least we have Bitcoin, which could serve as a hedge against inflation in the long run. If the situation gets worse, hopefully not, we might eventually see money start flowing into Bitcoin. One day, we might just wake up to a sudden 10% pump or more, which is pretty normal in the crypto market.

Meanwhile, gold moves 1% and experts already treat it like a major event.

[Cointxz]

Bitcoin Price Tumbles as Gold Rises. Why Crypto Is No Haven.

Israel launched a wide-ranging strike on Iran overnight, targeting the country’s nuclear program and military leadership. Oil prices jumped and markets fell. Futures tracking the S&P 500 were down 1.4% early Friday morning.

Ether and XRP were down 7.1% and 3.7%, respectively. Solana plummeted nearly 9%.

Gold, the ultimate haven asset, rose 1.1%.

I’m pretty sure we’re all aware of what’s happening between Israel and Iran right now, and because of that conflict, there’s been a major impact.

But as this article points out, gold went up, while Bitcoin and other cryptos didn’t.

So now they’re concluding that Bitcoin isn’t a safe haven, just because of a short-term price drop? That feels like a rushed judgment.

This is a delulu assumption by the author of that article. A 1% rise on gold while Bitcoin slightly dump while the price is near on ATH is absurd take on the market.

Bitcoin is already on the move to slightly correct when the Israel-Iran war occur since it recently trade near ATH. The price is still above 100K which means it’s still resilient on the global market sentiment until now.

[henry_of_skalitz]

News are just that - news.

Await their reply when BTC rises after this event is over, you will be impressed of how fast the boots would be changed.

[Felicity_Tide]

I took my time to read through the article provided, and I was literally laughing. The tone of the author sounds like that of an anti-bitcoinist(_{hope there is a meaning for that}).

Bitcoin has always been at the centre of discussion and the topic for the day, and I guess people don't ask why. Is the stock market any better?, I don't think so. And Judging by the date of that article (June 13), I hope the author made an update of Bitcoin rising to $108K, because it seems majority of this haters don't follow the positive trends, but rather find ways to create their own FUD.

Morever, using the title ("Bitcoin Price Tumbles as Gold Rises. Why Crypto Is No Haven"), is clearly the dumbest thing to do. Dragging shitcoins into the discussion already reveals the authors level of understanding.

[Iranus]

First, what do you understand by a safe haven? Second, safe havens or hedges against inflation need to be proven and verified, not just declared by a group of people and automatically become safe havens.

Gold has proven itself to be a safe haven as it has existed for thousands of years, through world wars, the great depression, economic collapse...it has proven its value to the world and won global trust.

How can an asset that depends solely on positive news or approval from a major country to increase in price become a safe haven?

[348Judah]

But as this article points out, gold went up, while Bitcoin and other cryptos didn’t.

So now they’re concluding that Bitcoin isn’t a safe haven, just because of a short-term price drop? That feels like a rushed judgment.

We should not expect the crypto market to always respond to all economical news, because not all are positive for it to react upon, whereas the systems are different, there have been countless times whereby bitcoin rises and the general centralized markets like stocks are falling.

Another point of view is this, as at this season, we should never forget that gold is already pumping high and has been performing well in the market making all time highs, that been said, their networks and systems operates differently and they may not all pump or dump at the same time, as their performance are not interdependence.

[Alpha Marine]

Crypto is no safe haven, but bitcoin is. I don't think there's any altcoin that is a safe haven.
One thing people do is always exaggerate when it comes to bitcoin. After the bombing bitcoin has gotten to 107k before dropping to 105k, and it's currently on 104k. When something like this happens, it seems as if people are so desperate for bitcoin to crash so they can say, "I told you so".

Bitcoin going from 107k to 104k is a very normal thing, so I don't get why people are asking as if it's a new thing. Bitcoin has always been volatile; it fluctuates a lot, it's nothing new. I times of war and in times of peace, bitcoin fluctuates.

[lionheart78]

Bitcoin market movement and price fluctuation is normal.   I do not know why some people sensationalize things when it regularly happens to the Bitcoin market.  I am also puzzled why they connect the price fluctuation of Bitcoin to Israel - Iran war when Bitcoin is not even stationed there or even these countries are Bitcoin friendly.

So now they’re concluding that Bitcoin isn’t a safe haven, just because of a short-term price drop? That feels like a rushed judgment.

There is no such thing as a perfect safe haven even gold that is known to be one also fluctuate in price, and its market even dips once in a while.  And Bitcoin doesn't even claim that so what's the big deal when someone says Bitcoin is not a safe haven?  Whether everyone considers Bitcoin a safe haven or not, the Bitcoin market will continue.

[Hewlet]

So now they’re concluding that Bitcoin isn’t a safe haven, just because of a short-term price drop? That feels like a rushed judgment.

who are the "they" that are concluding that bitcoin is not a safe haven and why should we pay so much attention to what anyone says that isn't even the truth? to start with, the global unrest that the world is experiencing is causing far more devastating issues to humanity far more than it is affecting a particular asset. everyday, lives are being lost in these wars and whether or not it affect the price of bitcoin should not over shadow the need to first of all put an end to the meaningless war. of all the factor that affects the price of bitcoin, wars and civil unrest is one that should not be something to wish for. with or without the war, bitcoin volatility will continue to be a thing and so, we will continue to see bitcoin plummeting higher and higher by the day

[peter0425]

So now they’re concluding that Bitcoin isn’t a safe haven, just because of a short-term price drop? That feels like a rushed judgment.

It is not rushed judgement. There is already prejudice here. They did not have to look at the market to know that they do not approve of bitcoin. I would only believe bitcoin is not a safe haven if it never reaches a new ath in more than 5 years and if it totally crash down to a value of a dollar otherwise I will not listen to anyone.

[mindrust]

Who cares what others say or believe? It is not wise to go all in on one asset anyway. It doesn’t matter if it is bitcoin or even gold. You don’t put all your eggs in one basket. Let’s say for a moment btc is not a safe haven but gold is. It still doesn’t make sense to dump everything into gold. So btc not being a safe haven doesn’t change a damn thing. Not a safe haven according to who? Some anonymous clown on the internet? We should stop worrying about other people’s opinions and focus on our business imo. It is a waste of time otherwise.

[Z-tight]

BTC is a safe haven asset, but we have to look at it in the long run, in the short term it would be affected by news of a crisis, conflict or uprising, however, it steadies itself after sometime and starts to rise again. Nobody is going to compare BTC and gold in terms of store of value, gold is more reliable in that respect, but that does not mean BTC cannot be used to retain value overtime, because it very well can and a lot of people have been using it for exactly that.

[Zaguru12]

Crypto is no safe haven, but bitcoin is. I don't think there's any altcoin that is a safe haven.
One thing people do is always exaggerate when it comes to bitcoin. After the bombing bitcoin has gotten to 107k before dropping to 105k, and it's currently on 104k. When something like this happens, it seems as if people are so desperate for bitcoin to crash so they can say, "I told you so".

Bitcoin going from 107k to 104k is a very normal thing, so I don't get why people are asking as if it's a new thing. Bitcoin has always been volatile; it fluctuates a lot, it's nothing new. I times of war and in times of peace, bitcoin fluctuates.

I don’t think there is anywhere around the bitcoin white paper where it is stated that bitcoin is resistant to any falls. Bitcoin is Volatile and its volatility is base on demand and supply of the coin and during periods like this the market sentiment changes but with bitcoin it doesn’t take long before it corrects the sentiment and gets back been normal. Why bitcoin got affected was because of the Iranian exchange hack where bitcoin was stolen and burned this will definitely cause the market sentiment to change to panic and this was why the market dip in the last two days but realistically the market has been in this consolidation form for long and the war is just a catalyst to keep it there.

If gold mines got affected like bitcoin it was going to have much bigger effect on the price than what bitcoin face and I don’t see this as even a comparison

[Merit.s]

You don't determine an asset that's a safe haven with short-term price, because safe haven asset is a store of value. Bitcoin is a store of value because the price increases overtime and it is a hedge to inflation. I believe the author of that article is only spreading the FUD.

Whatever is happening in the Middle East will only affect bitcoin price temporarily. He will understand that bitcoin is a safe haven in ten years time. Whenever bitcoin price dips, Bitcoin haters will always have something negative to say. Gold is superior to all assets, no doubt.

[BABY SHOES]

Maybe the bitcoin naysayers...

There have been many war tensions before... Russia and Ukraine and many more in the middle east, indeed bitcoin had a sharp decline due to this war but what after that? Recovering higher than gold, then it can be concluded from me Bitcoin is a safe haven.

Now saying Yes bitcoin is down, but wait a few more months bitcoin can recover.

[JoyMarsha]

People that have absolutely no knowledge of Bitcoin, that's how they will reason Bitcoin to be, not a safe haven for them. For us that  understands Bitcoin better and sees it a long term investment plan would laugh over the price decline of Bitcoin, knowing that it's just for short time, the market will bounce back soon, we will forget that Israel, Iran war, ones affected the Bitcoin price. It will be stories of the past happening that affected Bitcoin price this year.

[Catenaccio]

Bitcoin Price Tumbles as Gold Rises. Why Crypto Is No Haven.

It can be true that the moment or any short term comparison but if you make a long term comparison between Bitcoin and Gold, you will see the opposite fact. Bitcoin is better than gold since 2009 in ROIs over years especially if you look a a period from 2009 to 2025.

Gold can be better and overperform against Bitcoin in one or two years but in a long period of time, gold is worse than Bitcoin.
See Bitcoin vs gold ROIs over years.
https://casebitcoin.com/

[Rikafip]

So now they’re concluding that Bitcoin isn’t a safe haven, just because of a short-term price drop? That feels like a rushed judgment.

Bitcoin is not the safe heaven not because of the slight pice drop, but because nothing sin't and there is certainly level of risk involved in holding bitcoin and any other asset for that matter.

Anyway, I believe that Bitcoin and its community is too strong and big to care about what some irrelevant arrticle says about it.