D-Keine
Bitcoin does not follow macroeconomics, but above all, it is not a safe-haven asset. At least not right now.
What drives the price of Bitcoin is not fear but rather a de-liberalization, or better said, a phase of
The Real Narrative Behind Bitcoin That You Need To Know
Summary
- Bitcoin's price is driven by institutionalization and regulation. Not safe-haven demand, making it more akin to the S&P 500 than gold.
- Key catalysts include regulatory moves like the Genius Act and political dynamics undermining monetary policy credibility.
- In my opinion, we can talk about institutionalization, until proven otherwise, as an “anti‑liberalization” of Bitcoin. But this certainly doesn’t mean less demand.
- But watch out for traps. With increasing overextension, the attractiveness of taking a position could decrease compared to "alts".
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