Doctor Doom: Bitcoin falls more than risky assets during risk aversion

Dr. Nouriel Roubini just tweeted that the US and global stock markets fell by 2-3% last week, and Bitcoin fell by 8% on the last day, a drop far more than global stock markets. Another piece of evidence suggests that Bitcoin is not a good hedging tool during periods of risk aversion. During risk aversion, it actually falls more than risky assets.