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Bitcoin RIPPED 22% While Stocks Went Nowhere - Is Something Breaking?
Bitcoin is starting to trade more like gold than stocks, with its correlation to gold hitting a six-year high as concerns around bonds, the dollar, and debasement grow. Meanwhile, tokenized stocks are creating new controversy after AMC pushed back on Robinhood’s synthetic shares, while Arbitrum is benefiting from Robinhood Chain’s growth. Coinbase is also pushing for 24/7 stock perpetuals in the U.S., and Strive says it could become the world’s second-largest public Bitcoin holder by year-end.
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The skinny
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