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Bitcoin Trades Like Tech, Not Gold

BanklessDecember 23, 202580 views30:57
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Description

Ben Cowen argues that Bitcoin isn’t “digital gold." It behaves like a risk-on asset, not a hedge. He points out that Bitcoin trades more like a levered Nasdaq than gold, with a correlation of just 0.23 to the metal. "Historically, when gold rallies, crypto struggles"

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BitcoinEthereumCryptoInvestingMarkets
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