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Mike Novogratz Explains Why Bitcoin (BTC) Is Failing as Safe Haven - U.Today

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Galaxy Digital CEO Mike Novogratz has attempted to explain what exactly happened to Bitcoin's safe haven status. Must Read Bitcoin (BTC) Bull Mike Novogratz Says That He Would Short All Altcoins - READ MORE Not a hedge asset  From the U.S. stock market suffering from its quickest correction since the Great Depression to oil prices plummeting 16 percent — this week will surely go down in history.

Must Read Why Is Bitcoin (BTC) Price Down 12 Percent? Top Analyst Calls Its Safe Haven Status Into Question - READ MORE Bonds, not Bitcoin While gold bugs were quick to dismiss Bitcoin's as a hedge against economic uncertainty, Novogtatz's claim about investors booking profit definitely holds water.

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