What's happening is Crypto is Internet Tech.

It has become Wall St, and will rise & fall according to what the stock markets do.

Ever since ETF's, hedge funds & "institutional investor entities" got in a few years ago, that was it. It was no longer able to be something that goes up when the traditional finance markets go down.

Peter Schiff & Andreas Antonopoulos are correct. Bitcoin is a risk-on asset, for a long while now.

In fact even gold/silver struggle to really be risk-off, "honey badger" -type assets. Too much all-infiltrating financialization by Wall St.

Weapons, ammo, tools, vehicles, land, food, water, seeds, humans, animals, skills.

^Those are the true risk-off assets.