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@ Joker
2025-05-26 03:57:25
Bitcoin Looks Like The Only Adult In The Room
“It’s hard to keep fighting it, or at least not acknowledging Bitcoin as a viable asset class,” said Rich Weiss, the 65-year-old chief investment officer for multi-asset strategies at American Century Investment Management.
“Maybe that’s enough to get haters like me to jump on the train because in our business, you cannot fight the tape forever.”
This week marked the second time in a month that Bitcoin rallied while traditional asset classes retreated — a cluster of divergences with no precedent in Bloomberg’s dataset going back to 2010!
Momentum behind digital-asset adoption is building. A Bloomberg analysis of regulatory filings shows that over the past year, the number of institutional investors — ranging from family offices and endowments to hedge funds and pensions — engaged in IBIT has doubled.
This week the Treasury market rebelled against Donald Trump’s “big beautiful bill” — bringing the equity market rebound to a halt.
While stocks, government bonds and corporate credit sold off on fiscal fears, Bitcoin rallied almost 5%.
Facts Are Facts
Allocators are starting to believe, Bitcoin nabbed $10 billion this year according to the largest ETF tracking the world’s original digital currency. Like it or not, the number keeps going up.
It was a week that losses piled up across old-school markets — stocks, bonds and credit posted the worst synchronized selloff since March, going by the major exchange-traded funds tracking them.
The dollar slipped, on course for a fifth straight monthly decline — the worst streak in almost five years.
Remainder Of The Article: As Bitcoin Approaches $110,000 It Breaks Correlation With Equities: https://dpl-surveillance-equipment.com/bitcoin-and-crypto-currency/as-bitcoin-approaches-110-000-it-breaks-correlation-with-equities/ https://image.nostr.build/09507da3d613077068d764f31bfd67ea82333e03ea8c31b91b63009c496c92d9.jpg https://image.nostr.build/db522c9a8b5ed41c500a4a148ec646f7389b16333271a919ea6cede42729e999.png https://image.nostr.build/6fb10f5449539c941b669b554beae2b75683382feccfb1b72d4b7f9bfb8782e9.png