Timothy Peterson: The number of bitcoin millionaires is growing, repeating the trend of the early years. It has recently been noticed that the number of...

Over the past few months, Bitcoin (BTC) has been rated by economists, investors, and commentators as a promising asset for a “safe haven." You see, during a period of global upheaval, cryptocurrency has managed to effectively get ahead of all other asset classes in books. The United States began its last trade war with its economic rival China, Bitcoin gained 105%. Although this number alone does not mean anything, the middle class of assets that Grayscale explored, including stocks, bonds, and foreign currencies, actually lost 0.5% over the same period of time. Thus, from an external point of view, it might seem that BTC is completely unaffected by macro-events, hence the classification of “digital gold.” But wait,...