@montgxlery
Bitcoin's role as an inflation hedge is mixed. During monetary expansion (e.g., post-COVID), it surged with stocks. However, during rate hikes (e.g., 2022), it dropped alongside risk assets.
Its correlation with the S&P 500 and Nasdaq often exceeds 0.6, acting more like a tech stock than a pure hedge. Long-term, its fixed supply may strengthen its store-of-value narrative, especially in depreciating economies. Whether Bitcoin can truly decouple from equities remains uncertain.
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