Is Bitcoin Long-Volatility?

Does Bitcoin have the potential to become a risk-off asset in the face of global instability?

In the current market, bitcoin is without doubt a short-volatility risk-on asset that benefits from the ongoing financial environment driven by perpetual government debt expansion. However, bitcoin’s position as a borderless asset with immutable monetary policy poses the question as to whether it has the potential to become a global long-volatility asset that could serve as a safe-haven should serious issues develop in the current financial system.