Bitcoin price swings fueled by traders' identity crisis
Digital gold, risk asset, or momentum trade — the lack of a shared valuation framework is the variable that explains bitcoin's shifting correlations to equities, gold, and macro liquidity.
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Digital gold, risk asset, or momentum trade — the lack of a shared valuation framework is the variable that explains bitcoin's shifting correlations to equities, gold, and macro liquidity.
The headline is the rotation thesis: stocks, metals, oil, even potatoes are at highs while crypto lags — and the Saylor, Tom Lee, and Clarity Act reads point to a violent catch-up trade into midterms.