Crypto Is No Safe Haven: Moneta's Devitt

The video discusses the volatility of cryptocurrencies, particularly Ether and Bitcoin, and their roles as risk assets. It explores the notion of Bitcoin as 'digital gold' and its potential as a hedge against fiat currency. The discussion highlights the current market dynamics, emphasizing the mainstreaming of digital assets through instruments like ETFs, while noting that cryptocurrencies are not yet safe havens.

What are the characteristics of Bitcoin that align it with gold as a hedge in a portfolio?

How does the current demand for fiat currencies affect the perception of Bitcoin as a safe haven?

In what ways is the cryptocurrency market behaving like a risk-on asset?

What factors contribute to the volatility of cryptocurrencies like Ether and Bitcoin?

Discuss the implications of ETFs on the mainstream acceptance of digital assets.