Is Bitcoin Still 'Digital Gold'? How Investors See It Now | WSJ's Take On the Week

When we look at this uh at the value of Bitcoin, I still think part of the valuations we had uh especially end of last year when we were around $120,000 uh it was based on some uh fundamental factors. Uh and it was also partly based on wishful thinking. the fact that people uh still expect the price to be higher. They continue to uh to increase uh the exposure to Bitcoin, but it's based on nothing.

Hi, Dallas. — Hi, Miriam. — So, today's show is interesting because we're going to be talking about an asset that many have considered in the past to be a safe haven asset, and that's Bitcoin. And I think that's appropriate because we've had a lot of geopolitical turmoil uh this past week. No better time for safe havens than with what's going on these days.

But is Bitcoin a safe haven? That's something that we will discuss later in the show.

Yeah, it's a super interesting question. Um, but of course, what's right now kind of occupying everybody's minds in the market, uh, probably will be for the next couple of weeks if timelines play out as expected is Operation Epic Fury, the US's strikes on Iran, and the resulting kind of fallout throughout the Middle East region. So off the bat, uh stocks have not had, I would say, overall an enormous reaction thus far.

There were some up days, some down days. Um and surprisingly, that's actually what you would expect based on prior kind of geopolitical events.

Yeah, it's really interesting. Um analysts at Morgan Stanley looked at a long uh series of prior geo geopolitical events, the start of various conflicts and actually while there is volatility in the short term in after you know one months, 3 months,

Uh 6 months, 12 months, you see stocks are usually up after these conflicts.