As an asset, Bitcoin could also be more and more anti-fragile as properly. When Silicon Valley Financial institution collapsed on March 10, 2023, fears of contagion despatched shares down by over -1% the following 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 during the last 1, 3, 5, and 10 years, intervals that embrace many stresses.
