Wall Street Has Claimed Bitcoin — But Is Digital Gold Still a Hedge?
LeadThis week’s chart reveals a seismic shift: bitcoin’s correlation with U.S. equities has surged, dragging it deeper into traditional market dynamics. Once celebrated as anti‑establishment, bitcoin increasingly behaves like a macro‑driven risk asset. 1. From Rebel Asset to Institutional Client Bitcoin, once prized as a hedge and “digital gold,” now moves in sync with stock…