Former Chairman of the American Financial Association: Cryptocurrencies are not safe assets, and people have not fled to cryptocurrencies under systemic risks

Campbell Harvey, a former chairman of the American Finance Association and a professor at Duke University, said recently: "Now, if cryptocurrencies are safe havens, then you may want their value to remain unchanged or even increase in value. But this is definitely not what we see. Crypto The currency has been hit hard, with a drop of more than 10%. So this suggests to me that in a very stressful special situation, people are aware of systemic risks, the stock market has fallen as expected, and people have fled to safe assets, but they have not Flee to cryptocurrencies, but to 10-year U.S. bonds. "