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Chart of the Day: Bitcoin Debunked
For years, the loudest voices in crypto insisted that Bitcoin was “digital gold.” They claimed it was a superior store of value, a hedge against inflation, and a monetary alternative immune to political cycles. Their favourite argument was always the same: Bitcoin and gold move together. They would point to periods where both assets rose and declare that the correlation confirmed Bitcoin’s monetary status. That narrative has now collapsed. If Bitcoin were truly a store of value, and gold is the ultimate benchmark for that role, both assets should move in tandem over time. They should not track each other ... (full story)
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