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 ...

The global markets are moving through one of the most confusing environments in recent memory. While equities and gold both set fresh all time highs, Bitcoin stumbled in the wake of a major liquidation event. Scott Melker and Jeff LaBerge, head of capital markets at Bitdeer, explored how Bitcoin fits into this cross asset puzzle and whether it is finally evolving beyond its risk asset label. Following recent rate cuts, many traders expected a broad rally in risk assets. Instead, the crypto market saw a 1. ...