As an asset, Bitcoin could also be more and more anti-fragile as nicely. When Silicon Valley Financial institution collapsed on March 10, 2023, fears of contagion despatched shares down by over -1% the subsequent buying and selling day, however bitcoin rose by 20%. This “protected haven” value response was a brand new phenomenon for bitcoin, and time will inform if it persists. However bitcoin is outperforming all different asset courses over the past 1, 3, 5, and 10 years, durations that embrace many stresses.
