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This dramatic decline has been triggered by the not less dramatic geopolitical developments in the Middle East. As a result many investors began to exit Bitcoin, S&P 500, and other leading stock market assets, buying into gold which was considered a safe haven asset before BTC was created. His tweet about this carries a shade of dark irony. He likened crypto to “a really hot girl who gives you attention for a bit and you gaslight yourself thinking just maybe you might have a chance”. However, he adds, “but then she drops you and starts dating a rich guy.”
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