I don’t believe Bitcoin has decoupled from other risk assets. It just doesn’t rally as much when they rise, and it declines much more when they fall. What should be obvious by now is that it’s not digital gold. If gold goes way up, there is no reason to expect Bitcoin to follow.
BTC has always traded as a risk sensing instrument, leading other risk assets into bear markets.
But give it a few decades Peter, it’ll be there for us once gold fails under its own inflation bug.
Gold tokenomics has infinite supply but under timed unlock.
Sounds a lot like most L1s 😂
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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