Bitcoin's Safe-Haven Status Remains Elusive, Says Analyst Willy Woo

Willy Woo, a well-known cryptocurrency analyst, has shared his thoughts on Bitcoin's potential to become a safe-haven asset. According to Woo, Bitcoin currently exhibits characteristics of a safe-haven asset, such as its ability to maintain wealth even in times of turmoil and conflict. However, the market's reaction to uncertainty and war is still highly sensitive.

Woo attributes this discrepancy to the lack of recognition by large capital pools, who view Bitcoin as untested and new. As a result, its trading behavior resembles that of a risk asset, rather than a safe-haven asset like gold. This status may persist for some time, potentially requiring at least ten more years before it is widely accepted.