When "Safe" Assets Drop 40%: Rethinking Bitcoin Volatility

At Rabbit.io, we aim to offer our users the best possible exchange rates, so I keep a close eye on crypto market pricing. At the same time, it’s hard to miss the headlines about oil prices rising amid the conflict in the Middle East. But lately, I realized I’d been overlooking traditional safe-haven assets like gold and silver.

If you haven’t been tracking them either, the recent moves might surprise you:

• gold has dropped about 20% against the US dollar,
• and silver is down roughly 40% from its peak.

Unexpected, right?

When crypto skeptics push back against Bitcoin as a store of value, they usually point to its volatility - how prices can swing by tens of percent in a short time.

But it turns out Bitcoin isn’t so different from traditional assets that are considered "safe."

Or is their reputation for safety just another narrative for buyers?