Arca Chief Investment Officer: Bitcoin is not a safe haven

Jeff Dorman, chief investment officer at Arca, a New York investment management company, said that treating Bitcoin as a potential "safe haven" was downright "irresponsible" and even claimed that Bitcoin would never be at the same level as gold. He explained: "Look at how gold, U.S. Treasuries and stocks reacted immediately to global panic. Bitcoin and digital assets are not part of this workflow."