Still an asset for Russian oligarchs and drug dealers

BTC is creeping up over the past few months, but lets keep some perspective. In 2017, the price topped out at $20 k and dropped to $7 k in three months. That volatility in financial markets makes Bitcoin one of the largest financial bubbles in history. Then, we dropped from $7 k to $3 k in another year. Sure, BTC is creeping up lately, but at the end of the day BTC is based on speculation, buying and selling of high volume holders, and is suffers from illiquidity. More short-term view is actually that price action can continue to creep up maybe for several months maybe for more than a year. But when the overall market takes a dive, a take based on fundamental economic data, not speculation, I don't see cryptos as being a safe haven asset.