PANews reported on May 2 that according to MarketWatch, U.S. Treasuries suffered a sharp sell-off earlier this month, and Bitcoin has shown relative strength against U.S. stocks and the U.S. dollar in the past few weeks, but Nationwide Financial chief market strategist Mark Hackett believes that this does not mean that Bitcoin has suddenly joined the ranks of traditional safe-haven assets, or has become a store of value or defensive asset. Gold is obviously a defensive asset, while Bitcoin is more of a risk-seeking asset rather than a safe-haven asset. Until recently, it has changed. It is "too early" for Bitcoin bulls to claim that it has become a means of storing value, but this trend is worth paying attention to.