![Traders Prefer Gold, Fiat Safe Havens Over Bitcoin as Russia Goes to War](https://www.coindesk.com/resizer/0REYTD_ULz2wwa8d8KTc5JmHvsM=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/6JX3A5DQHZGLNMYF6JHEY33JLQ.jpeg)
Dibb added that the combination of war, supply constraints, booming commodity prices and zero rates is a textbook recipe for stagflation. While the crypto community still strongly considers bitcoin as a better store of value, past data shows the cryptocurrency is predominantly a risk-on inflation hedge, meaning it outperforms other assets when investors are willing to take risks.
Source: https://www.coindesk.com/business/2022/02/24/first-mover-americas-traders-prefer-gold-fiat-safe-havens-over-bitcoin-as-russia-goes-to-war/?utm_medium=referral&utm_source=rss&utm_campaign=headlines