BTC is digital gold but... ISM index is down so BTC is down...

I recall watching a Bankless episode featuring a BlackRock representative who mocked crypto commentators for treating BTC as a risk-on asset tied to economic indicators.

BTC can't be digital gold and risk-on simultaneously.

Blackrock's research concludes that:

- Despite its volatility, BTC differs from traditional risky assets, making it unsuitable for standard financial frameworks.

- As a scarce, decentralized asset, BTC is a safe haven during geopolitical disruptions.

- Long-term BTC adoption driven by issues like global and U.S. monetary instability, which contrasts how traditional risk assets react.

If crypto commentators depict BTC as a risk-on asset tied to economic data, it might shape reality.

We tell two conflicting stories: this portrayal confuses TradFi, which sees Bitcoin as digital gold.

While BTC may dip during major events, it thrives in chaotic, money-printing scenarios.

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