Bitcoin A Safe Haven Asset?

A recent resurgence in Bitcoin has coincided with rallies in the Japanese yen, Swiss franc, and gold against a backdrop of Federal Reserve dovishness.

Patrick Tan
The Dark Side
Published in
6 min readJul 30, 2019

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“Take me out to the ball game, take me out to the park.” (Image by Tom Glod from Pixabay)

Bobby Whitener is not a superstitious person by a long shot. A mechanical engineer by training, Whitener’s day job consists of looking over designs for next season’s farming equipment proposals from a nondescript office in rural Massachusetts.

But when it comes to his favorite baseball team the Boston Red Sox, Whitener’s predisposition towards clinical cynicism and skepticism go out the window.

“I guess you could say it happened fifteen years ago.”

Whitener, a diehard and lifelong Red Sox fan was in the stands at the 2004 American League Championship Series at Fenway Park on a typically frigid Bostonian autumn day.

Yet despite the cold weather, Whitener was eating a hot fudge sundae, the only problem was he couldn’t remember where he had put the spoon for the sundae.

Not willing to miss a minute of the game, he proceeded to eat the sundae like an ice cream…

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Patrick Tan
The Dark Side

General Counsel for ChainArgos, the blockchain intelligence firm made famous for breaking the story that BUSD was unbacked by US$1.4bn