Precious metals (gold and silver) are surging, while digital gold ($BTC) is plummeting. High-risk assets are accelerating their retreat. When Silicon Valley Bank collapsed, $BTC was at a low (under $20K), so using it as a hedge made sense. Now, with the U.S. regional banks facing another crisis, $BTC at a high (over $100K) can’t serve as a hedge—it’s considered a high-risk asset.