BTC price action is painful, especially when gold, silver, Nasdaq pumps.

Ironically, this makes BTC attractive long term for institutions.

If BTC trades like tech, it’s useless for diversification.

If it trades on some mysterious catalysts, it makes it allocatable.

Blackrock called it 'A Unique Diversifier' as it is obviously risky, but can't be evaluated on P/E, sales, or other criteria typical for 'risk-on' assets.

Funny, many crypto analyzoooors continue to bet on BTC as Nasdaq beta.

If this beta is gone, it's long-term bullish BTC.

"Over the long term, bitcoin’s adoption trajectory is likely to be driven by the intensity of concerns over global monetary stability, geopolitical stability, U.S. fiscal sustainability, and U.S. political stability." - Blackrock.

None of these are broken catalysts for BTC.

Just old whales mass selling and retail panic dumping as a result.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。