đĽ WHY BITCOIN BROKE THE GOLD PLAYBOOK
âWhenever gold rallies, Bitcoin usually follows. Last year, it didnât. That was a huge red flag.â
Charles Edwards points to quantum risk as a key factor behind the divergence â a narrative that quietly chipped away at investor confidence.$SYN
đ§ The core issue:
⢠Growing concern that future quantum computers could threaten current cryptographic standards
⢠Even if the risk is long-dated, markets price uncertainty early
⢠Gold and equities carry no comparable protocol-level existential risk
đ Market impact:$ADA
⢠Capital rotated into gold, which surged to new highs
⢠Bitcoin underperformed its historical correlation with gold
⢠Risk-averse allocators paused or reduced exposure
đ But hereâs the nuance:
Quantum risk is theoretical, not imminent. Bitcoin can adapt via cryptographic upgrades â but unlike gold, it requires coordination and consensus, which markets tend to discount.$PEPE
⥠Bottom line:
Bitcoin didnât break because of fundamentals â it broke because narratives shifted. And in macro markets, perception often moves faster than reality.
