Bitcoin Acting Like a Tech Stock, Not a Hedge
I agree — with Bitcoin’s correlation to the Nasdaq around 0.87, it’s moving in lockstep with equities. I see it behaving more like a high-beta tech stock than a portfolio hedge.
Because of that, I treat BTC as a risk asset tied to equity market dynamics rather than a safe haven. I’ll monitor correlation and equity liquidity before increasing allocation.
Analysis
Recommendation
Watch correlations and macro indicators. Don’t rely on BTC as a hedge — size positions as a risk allocation, consider partial exposure or wait for a clear decoupling before adding materially.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.