TOKYO — A cryptocurrency sell-off that sapped $600 billion from the market’s value in two weeks shows the fragility of the market’s structure and the risks of speculation in assets like bitcoin, which some had considered a safe haven alongside gold.
Crypto sell-off shows limits of bitcoin as gold-like safe haven
Cryptocurrencies
Market loses $600bn in value as stablecoin depegging impacts margin trading
Some have compared bitcoin to gold based on its function as a store of value, but those comparisons have been shaken. (Source photos by Nikkei)
TAKANOBU AIMATSU
October 21, 2025 03:19 JST
