aqr

$BTC SAFE HAVEN FADES? 🚨

Cliff Asness is calling Bitcoin a risk asset, not digital gold, and says its correlation with equities is exactly what the chart is showing. That reinforces the institutional view: when stocks shake, BTC is trading like a high-beta tech proxy, not a portfolio hedge. His attack on MicroStrategy’s premium could keep pressure on leveraged BTC exposure and sentiment.

Not financial advice. Manage your risk.

#Bitcoin #BTC #Crypto #Macro #AQR

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