POPA Recon💰Bitcoin is no longer digital gold.
💰Bitcoin is no longer digital gold. Bitcoin is no longer an independently moving asset, and Correlation data is also clearly showing this Since 2020, the correlation between bitcoin and the stock market has largely stabilized at levels 0.4 to 0.6, while the correlation with gold has recently turned sharply negative, breaking existing "digital gold" narratives This change also coincides with ETF-based money flows The trend of Bitcoin being incorporated with risky assets within the macro portfolio is increasingly strong On the other hand, the correlation with bonds is still low, so it is ha…
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