Quote:
Originally Posted by FD
Not sure why anyone would think that a pure speculative asset would be a safe haven, seems like it would be the exact opposite. Bitcoin would be the first thing people would sell in a crunch.
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Yep. Margin calls are a bitch, and a bunch of investors got them this morning. They had to sell something to cover, and it looks like bitcoin, silver, and gold were the first things to go.