I keep seeing you all talk about these bullish factors every day 😂$BTC
This time, the angle Grayscale gave is actually pretty interesting: Bitcoin’s correlation with the Nasdaq has already dropped from over 60% to around 33%, while it’s increasingly behaving like gold, with correlation rising to over 50%.$BTR
Put simply, the market seems to be starting to treat BTC as a “scarce asset” again, not just something that rises and falls with U.S. stocks.$龙虾
And when you look at U.S. debt reaching 40 trillion dollars, with long-term Treasury yields also moving up, capital will naturally start looking for things that rely less on the traditional financial system.
So if BTC can really break out this time, I think the “digital gold” narrative may get lively again.
I just don’t know whether, with so many bullish factors this time, the price can actually hold its own lol
This time, the angle Grayscale gave is actually pretty interesting: Bitcoin’s correlation with the Nasdaq has already dropped from over 60% to around 33%, while it’s increasingly behaving like gold, with correlation rising to over 50%.$BTR
Put simply, the market seems to be starting to treat BTC as a “scarce asset” again, not just something that rises and falls with U.S. stocks.$龙虾
And when you look at U.S. debt reaching 40 trillion dollars, with long-term Treasury yields also moving up, capital will naturally start looking for things that rely less on the traditional financial system.
So if BTC can really break out this time, I think the “digital gold” narrative may get lively again.
I just don’t know whether, with so many bullish factors this time, the price can actually hold its own lol
