Safe-haven assets are trading like memecoins.
Silver: 72.6% annualized vol this month.
Gold: 33.9%.
Bitcoin: 52.2%.
The assets synonymous with stability are now swinging like the risk assets they’re supposed to hedge against. Iran triggered an oil shock, not a flight to safety. Precious metals were caught crowded and leveraged. Bitcoin had no such exposure to unwind.
Out latest Industry Rollup covers how Iran re-priced energy risks and what that means for monetary hedges. Read it here: http://btcs.ag/Rollup0326Xbtcs.ag/Rollup0326X…

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