Bitcoin is beginning to trade less like a speculative novelty and more like a mature financial asset. The clearest signal is how institutional investors are choosing to gain exposure. On institutional desks today, bitcoin increasingly sits in the same category as high-growth technology stocks and speculative commodities like oil and copper. When risk appetite changes and macroeconomic conditions shift, these assets are often adjusted together. Bitcoin is no longer an outlier; it now behaves more like a ma ...