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$BTC and macro correlation debate
With $BTC around 64268.87, the debate on its correlation to traditional macro events continues. Is it maturing into a risk-on asset tracking equities, or does it still maintain some uncorrelated safe-haven characteristics, particularly against fiat devaluation?
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I'm leaning towards it being more of a risk-on asset now. The recent movements really seem to mirror tech stocks more than anything else.