Bitcoin acting like high-beta Nasdaq — digital-gold thesis under pressure
I see the digital-gold story losing traction whenever macro risk-off hits — Bitcoin is acting more like a high-beta Nasdaq proxy than a safe haven right now.
I’m watching price action and correlations closely: BTC’s sensitivity to risk assets undermines its hedge case in stressed markets.
That means I’m cautious about adding fresh long exposure until macro volatility eases and correlation to equities falls.
Analysis
Recommendation
I recommend watching correlations and macro indicators and avoiding new long positions until volatility and equity correlations subside; manage exposure with strict risk controls if you hold BTC now.
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.