Safe heaven?

Btc&alts are now so cheap ,last 2week this selloff so fearfull that i got headspins why it didnt or went north with prices of crypto like gold did last 3 weeks crypto must b like gold safe safe🤔 got very confused this week,lets hope btc gets back to $9000 soon get the party started again in full swing🤞

The simplest explanation I believe is that it’s because crypto-currencies are still largely speculative assets. Yes there are some of us who do use them for various online payments and certain other things but real World usage still has a long way to go.

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