Subject: Re: OT Krugman (and WEB) on Bitcoin
Until the market stops treating it like a risk asset, the 'safe haven' narrative is just a theory that hasn't survived first contact with reality.,/I.

Every bubble is built on a "story line" that makes sense to many - until it doesn't.

That test of reason is now occurring with BTC.

If it doesn't behave like a duck, and doesn't quack, it isn't gold. Or silver. Or real money.