Crypto Volatility and the 'Safe Haven' Myth

It's always fascinating to me how the narrative around crypto swings wildly. One minute it's the ultimate inflation hedge, the next it's collapsing under rate hike fears, often dragging along assets like $USDTRY which has its own local drama.

I've seen plenty of takes suggesting crypto, particularly the majors, can act as a safe haven during geopolitical instability or economic uncertainty. Frankly, I just don't buy it. The correlation, or lack thereof, seems too opportunistic, too dependent on which way the wind is blowing that particular week. We're still seeing massive price swings that would make traditional safe-haven assets blush. Anyone else find that 'safe haven' argument a bit... premature? Change my mind.