Buy the DIP, and HODL
The futures market for the S&P 500 is down by 1.30%, which is a big drawdown for an index, but Bitcoin is currently up by about 2.60%.
👀
Does that actually mean that the decoupling is happening?
Bitcoin has never been coupled... so you are delusional if you believe that it has been coupled...
even though sure, for short periods of time, bitcoin seems to be correlated with various traditional asset classes, but those who consider that bitcoin is actually coupled with various traditional assets are failing/refusing to either zoom out or to appreciate bitcoin's actual non-correlated status, even if it can seem to have extended periods of appearing to be coupled (when it is not).
What would actually be delusional, and obviously laughable, is to believe that the Bitcoin market is totally decoupled from legacy markets. It could probably be totally be decoupled if Bitcoin has developed its own economy that's independent of the traditional economy.
I think that the BIGGER mistake comes from folks failing/refusing to consider bitcoin's distinctions from various legacy markets, and no of course, bitcoin is not totally uncorrelated to macro factors and/or to the movements of various fiat based systems...
At the same time, each of us who have been studying bitcoin and/or who have been into bitcoin for some time should be able to recognize and appreciate various break outs that bitcoin does from time to time, and so the guys who are
buying into the correlation bullshit[/b{ end up discounting the relevance and/or importance of such ongoing and likely to continue bitcoin break outs that happen fairly regularly.
I believe that the more of the people from legacy finance participates in our niche, the more and more Bitcoin COULD become correlated with legacy markets. It's simply market efficiency ser. It would be delusional to believe that it's "bullshit".
That would indeed be the best aftermath of "Trump's Tariffs". That they cause capital flight from equities to hard assets like Gold and Bitcoin. Gold has been looking "parabolic", considering, for its market size.
Hopefully you are not getting distracted into gold., since surely gold is quite greatly inferior to bitcoin, even though sure it might have some period of decently good performance, especially relative to the dollar.
No, of course not, ser. But parity with or MORE than Gold's total market value, for me, should be Bitcoin's "North Star".
Parity with gold is not going to be that hard to achieve.. and so it seems more accurate to be considering beyond gold.. such as 10x to 1000x beyond gold, even though bitcoin might not make it to 1,000x beyond gold for 50-200 years, but still seems like a better north star rather than getting distracted by short term gold price moves.. and surely there are some folks who are probably failing/refusing to adequately/sufficiently buy (or hold onto their) bitcoin based on such gold distractions.
I'm not debating that it's "hard". I'm merely saying that Bitcoin is SO undervalued as another form of Store Of Value asset against Gold.
Plus, "short term Gold price moves"? Have you tried zooming out Gold's chart to the maximum?
👀