๐๐ผ๐ ๐๐ผ ๐ฉ๐ฎ๐น๐๐ฒ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป? ๐๐น๐ฎ๐ฐ๐ธ๐ฅ๐ผ๐ฐ๐ธ ๐๐ ๐ฒ๐ฐ ๐๐ ๐ฝ๐น๐ฎ๐ถ๐ป๐ ๐ช๐ต๐ ๐๐ ๐๐ผ๐ฒ๐ ๐จ๐ฝ ๐ช๐ต๐ฒ๐ป ๐ง๐ต๐ถ๐ป๐ด๐ ๐๐ฒ๐ ๐ ๐ฒ๐๐๐
BlackRockโs US Head of Equity ETFs, Jay Jacobs, says Bitcoin isnโt like tech stocks โ it moves differently, especially when the world feels unstable.
โค โBitcoin Is an Uncorrelated Assetโ
โข Jacobs told CNBC that Bitcoin doesnโt follow stocks like Apple or Google
โข In fact, over time, Bitcoinโs connection to US tech stocks is just 2โ3%
โข That means it moves independently, especially during global uncertainty
โค When Does Bitcoin Go Up?
โ๏ธ Stocks usually rise when things feel stable: strong economy, low risk
โ๏ธ But Bitcoin thrives in the opposite: uncertainty, fear, global tension
โ๏ธ Jacobs: โBitcoin behaves like an escape hatch when the world gets messyโ
โค BTC Up 150% Since Spot ETF Approval
โข Bitcoin was trading just above $94K during the interview
โข Since ETFs were approved early last year, BTC has surged ~150%
โข The rally shows growing institutional and retail interest
โค Whatโs Driving the Price? Flows from Investors
Jacobs highlighted a key driver: where investors are putting their money
โข Gold and Bitcoin are both seeing major inflows
โข Why? People want assets that donโt follow the usual market rules
โค Jacobsโ Takeaway: Bitcoin Rises With Global Uncertainty
โIf the world stays messy โ geopolitics, inflation, economic fear โ Bitcoin and gold could keep climbing,โ Jacobs explained.
Itโs not just hype. Investor behavior is changing, and Bitcoin is a key part of that shift.