Bitcoin Trades Like Tech, Not Gold

Bitcoin is a risk asset. It's not a riskoff asset. It is always treated like a riskon asset. It's always treated like a levered version of the NASDAQ.If you look at the correlation over certain time frames, everything just seems correlated in bull markets. But if you were to look at the correlation, the total crypto market cap against gold, the correlation is only 23. It's a very low correlation.I don't think that you can look at Bitcoin and say that it trades like gold because it it never really has. In fa ...