Alright, listen up, crypto fam! While Wall Street was busy throwing a full-blown tantrum with the S&P 500, Nasdaq, and Dow Jones all taking a serious beating (down 3.35%, 3.5%, and 3.27% respectively, ouch!), Bitcoin? Bitcoin was rising. It surged to around $86,800, a 2.3% jump in just 24 hours. Seriously, WTF?!
This isn’t just a little blip, folks. This is a HUGE deal. It’s a downright defiant middle finger to the traditional finance system.
Now, seasoned macro guy and ex-head of US Macro Strategy at Societe Generale, Lawrence McDonald, is saying what we’ve all been thinking: maybe it’s time to ditch the gold and load up on Bitcoin. And he dropped this truth bomb on X: “Bitcoin has never looked this good with the VIX near 30!”
He’s right! This resilience, this refusal to crumble with the rest of the market, is a game-changer.
Let’s break down why this is so monumentally important:
Bitcoin’s origins were often linked to stock market performance. Early adopters often viewed it as a ‘risk-on’ asset. However, this decoupling indicates a shift in perception.
This disconnect suggests investors are recognizing Bitcoin’s unique value proposition: a decentralized, fixed-supply asset immune to the whims of central banks.
Increased institutional interest and growing mainstream adoption further contribute to this maturing market.
McDonald argues that this strength points to significant pressure on the US dollar, and frankly, he’s spot on. This isn’t just about Bitcoin going up; it’s about a fundamental reassessment of value and trust. The market is finally wising up—Bitcoin is not just a speculative tech toy anymore. It’s a potential lifeboat. Pay attention!
