Foresight News|Apr 24, 2026 08:30
[Willy Woo: Bitcoin Needs at Least Another Ten Years to Be Accepted as a Safe-Haven Asset]
Foresight News reports that Willy Woo tweeted, 'Most Bitcoin supporters believe Bitcoin is a safe-haven asset, but the reality is not that simple. It has the characteristics of a safe-haven asset. During times of war, you can take your mnemonic phrase, cross borders, and start over without losing your wealth. It is meant to be independent of the existing system and thrive when the system collapses. These are precisely the traits you would expect from a safe-haven asset.
Bitcoin possesses the characteristics of a safe-haven asset, but to this day, during periods of uncertainty and war, its trading behavior resembles that of a risk asset, highly sensitive to uncertainty. This is because large pools of capital do not recognize Bitcoin's characteristics, as it is considered too new and untested. As a result, its trading behavior mirrors that of the Nasdaq Index.
It will take another ten years for Bitcoin to be accepted in the market as a safe-haven asset, and it may even take longer. When it gains recognition, its market cap will rival that of gold.'
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