INSUBCONTINENT EXCLUSIVE:
clawing back losses on the day
Bitcoin, the argument goes, has a limited supply and runs on a global computer network beyond the reach of governments and is therefore
safer than traditional currencies.Things are never that simple
Bitcoin's safe-haven chops are unclear: It often behaves more like risk-on assets such as stocks.Investors say that during
settle arguments over bitcoin's safe-haven credentials, analysts said."We don't think BTC is being viewed as a safe haven, nor should be,
but instead its appeal is it's a supply capped, credit free, digital bearer asset that is proving to be a viable alternative to
traditional finance in this current environment," said Richard Usher at crypto firm BCB Group."If the situation continues to escalate and
risk markets badly suffer it will struggle to rally further, but in our view still outperform."Graphic: Bitcoin and safe havensROUBLE
ROUTED, BITCOIN BOUNCESCrypto trading in Russia has soared as the rouble was battered by Western sanctions which aim to squeeze Russia's
not just a speculative asset, it is also a seizure-resistant, policy-independent, longer-term store of value," said Noelle Acheson, head of
Market Insights at New York-based Genesis.Graphic: Sell roubles buy crypto
