On the 27th, Grayscale, a leading US cryptocurrency asset management firm, published an analysis memo on the price movements of Bitcoin (BTC). According to the company, while risk assets such as AI-related stocks have continued to rise over the past year, Bitcoin has been behaving more as a high-beta risk asset rather than a currency hedge. However, recent trends suggest a shift in this pattern is emerging.
'High-beta' refers to assets that exhibit greater volatility in response to movements in stock indices or similar benchmarks...
