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%.
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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".
So what? Bitcoin is still quite an immature asset, and it ONLY has around 1% of the world's adoption. Since bitcoin is so immature, it is going to continue to have the s-curve adoption aspects embedded into it, and bitcoin is also not like any other asset class, since it is a protocol layer of money that cannot easily be stopped, even though it seems likely that there are ongoing attempts to manipulate and control it that are likely not going to be successful.
I doubt that bitcoin is going to become correlated to macro-assets in any time in the near future, so you can continue to live your little fantasy about its supposed correlation.
Actually if we zoom out the S&P 500 Index, Gold, and Bitcoin to the maximum, they're all going up simply because of the continuous expansion of the total money supply. Bitcoin simply is more volatile, and obviously is getting market value from legacy markets. But the correlation is not "bullshit", nor is it "delusional".
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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? 👀
First of all, you seem to be making the claim that bitcoin and gold are in a similar place, and they are not.
Second, what point are you making about zooming out?
Sure gold has a long history that precedes bitcoin's history, and sure some of that prior gold history is relevant to its potential performance relative to bitcoin's performance, yet you still seem distracted if you believe that there is some reason to allocate to gold instead of bitcoin or to perhaps have any more than 10% the size of your bitcoin investment into gold.. but hey whatever, if you want to stay distracted that is your choice, but if you start to promote nonsense about gold, then it would be more than fair to call you out for such nonsense to the extent that you want to continue to put out vague induendos trying to suggest that gold might be a good hedge merely based on some of its recent price bumps.
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I'm simply making a claim that Bitcoin is VERY undervalued as a Store Of Value competitor against Gold.