Laurens Fruassen 5.0 1 idea

The speaker explicitly stated Bitcoin is "more functioning as a high beta tech stock rather than an inflation hedge," and that it sold off following the Fed announcement due to growth and inflation fears, correlating with the S&P. For an asset to be a "safe haven," it should be uncorrelated or negatively correlated with risk assets during stress and act as a reliable store of value. Bitcoin is currently moving in tandem with risk-off sentiment in equities, demonstrating it lacks these defensive characteristics. Direction is AVOID for investors seeking a traditional safe-haven asset. Its current behavior suggests it does not provide the intended diversification or hedging properties in the present macro environment. A sharp deterioration in traditional market liquidity or a loss of faith in sovereign currencies could reignite Bitcoin's perceived safe-haven narrative, causing it to decouple from tech stocks.