Redemption trade is BTC pumping in this macro environment.BTC was written off as 'digital gold' as it failed to catch up with gold.Yet BTC had three unique FUD chokepoints that unraveled last year:1) Quantum FUD2) 4-year cycle timing3) Previous outperformance of gold/equities etc.BlackRock research found that over the long term, bitcoin’s adoption trajectory is driven by:- the intensity of concerns over global monetary stability- geopolitical instability- U.S. fiscal unsustainability- U.S. political instabi ...