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Bitcoin Trades Like a Tech Stock
Bitcoin is often called “digital gold,” yet it trades more like a high-risk tech stock. It pumps with the NASDAQ, dumps on Fed hikes, and reacts to risk-on/risk-off sentiment. If it’s really a store of value or hedge, shouldn’t it behave more like gold or bonds? Is this just due to its digital nature or the type of investors it attracts? Feels like the narrative and the market behavior don’t match. That said I’ve been a long time HODLR, but thoughts? submitted by /u/dafinancialwolf [link] [comments]
Bitcoin is often called “digital gold,” yet it trades more like a high-risk tech stock. It pumps with the NASDAQ, dumps on Fed hikes, and reacts to risk-on/risk-off sentiment.
If it’s really a store of value or hedge, shouldn’t it behave more like gold or bonds? Is this just due to its digital nature or the type of investors it attracts?
Feels like the narrative and the market behavior don’t match. That said I’ve been a long time HODLR, but thoughts?
[link] [comments]
