Bitcoin Is Not Safe Haven, But Cuanin Portfolio

JAKARTA - Bitcoin is often dubbed "digital ice" by investors and market observers. This nickname arises because of Bitcoin's limited supply properties and is considered capable of storing value. However, the latest report from RedStone Oracles, as quoted by Cointelegraph, shows that Bitcoin cannot be categorized as a safe haven asset consistently.

So, does this mean that Bitcoin is losing its appeal? Not really. In fact, Bitcoin's position as portfolio diversification is becoming increasingly relevant.

Safe haven is an asset whose value tends to be stable or rising when the market is under pressure or in crisis. Examples are gold, US government bonds, and currencies like the Swiss franc. Bitcoin is often equated with gold because its maximum supply remains at 21 million BTC and its decentralized nature. However, becoming a "threat" does not automatically make Bitcoin safe during a crisis.

Based on the RedStone Oracles report, the correlation between Bitcoin and the US Stock Index (S&P 500) shows interesting variations:

7 days of correlation: negative strong, meaning the price of Bitcoin had moved opposite to the stock market. 30 days of correlation: fluctuating, with coefficients between -0.2 and 0.4. This figure indicates that Bitcoin's relationship with stocks is not stable enough to call it a hedge.

In short, Bitcoin does not have the consistent negative correlation (< -0.3) needed to become a true safe haven asset.

Bitcoin Suitable To Be Diversifier: This Is Proof Of Data

Although not a safe haven, Bitcoin has proven effective as a portfolio diversifier. In the last five years, Bitcoin recorded an annual return of more than 230 percent, far beyond traditional shares and hedging assets. In fact, a small allocation in the portfolio (1-5 percent) is enough to increase yields with a measurable risk.

Portfolio diversification is important as it helps reduce overall volatility and opens up opportunities for profit from multiple sources. Bitcoin, with its relatively independent movement, provides additional return potential as other assets weaken.

Although it does not provide yields like some other crypto assets, Bitcoin can still "acquire" portfolios. How: 1. Capital Gain: Buying at low prices and selling as prices rise. 2. Trading: Utilizing daily volatility for short-term cuans.3. Reversifier Return: Adding a small Bitcoin allocation that improves the overall portfolio performance.4. Earn Program: Some platforms offer yields for storing BTC, although this is not a native feature of the Bitcoin network.

With the right strategy, Bitcoin ownership can provide long-term benefits.

Recent data from CoinMarketCap shows that: Total Bitcoin Price as of May 15, 2025: around IDR 1.701 billion. How about Performance in the last 7 days: up by +3.59 percent. Daily Volume drops by around 8-10 percent, but market sentiment remains 82 percent bullish.

Bitcoin prices are still fluctuating, but weekly graphs show a positive direction. This strengthens the narrative that even though it is unstable like gold, Bitcoin still provides attractive returns in the short and long term.

According to RedStone, Bitcoin is still in the "development" stage as a global asset. Bitcoin weekly volatility at the end of April 2025 was listed as the lowest in 563 days. In fact, its volatility is lower than S&P 500 and Nasdaq 100. This indicates that investors are starting to treat Bitcoin as a long-term asset.

However, the outflow from the Bitcoin ETF amounted to $91.4 million (compared by the $13.5 million inflow) shows that traditional markets still greatly affect the price of BTC. So, it takes wider time and institutional adoption so that Bitcoin can actually "decouple" from the stock market and become a true safe haven.

Bitcoin is not yet at the level of gold or government bonds as a hedge against the value during the crisis. However, as a portfolio diversifier, its position is very strong. Historical performance, fluctuating correlations, as well as potential cuan through capital gains and earns make Bitcoins relevant in investment strategies.

For investors who understand its characteristics, Bitcoin is an asset that deserves to be considered not because it is stable, but precisely because of its potential for a strategic portfolio cuanin.