@darleneshaw
Bitcoin faces risks preventing it from becoming a true "risk-off" asset like U.S. Treasuries, including high volatility (40% annualized as of 2025), regulatory uncertainty, and lack of intrinsic cash flow. Unlike Treasuries, it lacks government backing, making it prone to sell-offs during crises. Its correlation with equities and hacking risks further undermine its safe-haven status as of July 2025.
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