The World Gold Council, a market development organization for the gold industry, recently published an investment update report in which it noted that bitcoin (BTC) and other cryptocurrencies are “not a safe-haven.” The World Gold Council’s report mentioned that in Q4 2018, the “global stock markets experienced their worst quarter” since the Wall Street financial crisis in 2009. It was during this time period that “cryptocurrencies had a prime opportunity to demonstrate qualities associated with safe havens”, the investment update stated.
