Analyst: If the cybersecurity issue is resolved, Bitcoin may indeed be considered a safe haven

According to CNBC, like gold, the recent trend of Bitcoin is often in sync with market volatility. Forex.com analyst Fawad Razaqzada said that any link between Bitcoin and traditional safe-haven assets is more likely to be a short-term trend than a long-term trend. Fawad further stated that Bitcoin's hacking and theft record also undermined its credibility as a gold-like asset. But Fawad also admitted that if the exchange solves cybersecurity problems, Bitcoin may indeed be considered a safe-haven asset in the long run.