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Bitcoin ($BTC) and gold have posted the worst year-to-date returns among major asset classes, according to CryptoPotato, a performance gap that is putting direct pressure on the long-standing argument that both serve as reliable stores of value during uncertainty.
The Safe Haven Thesis Under Pressure The "safe haven" label has followed both assets for years — gold by tradition, Bitcoin by aspiration.
The underlying logic is straightforward: when equities or fiat currencies face stress, capital rotates into hard, scarce assets. That rotation did not materialize in a way that benefited holders this year.
Finishing at the bottom of the major-asset return table is precisely the scenario that critics of both narratives have pointed to as the stress test the thesis eventually had to face.
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