
“Geopolitical tensions, tariffs, the usual dramatic choreography—never too dull under our man Trump, even when he ‘walks back’ his own policies with the theatrical precision of a stage magician misplacing a rabbit. Yet, all the thumping and bumping about Mr. Powell’s future has made markets queasier than a first-year undergraduate at the May Ball. If Bitcoin were ever to have its own ‘coming out,’ this would certainly be the moment for it to curtsy.
The separation from your father’s risk assets is, I admit, in its adolescence: promising, awkward, with spots of hope. For those monitoring crypto tickers with the sleep habits of an insomniac undertaker (guilty!), you can feel a change in the air. Still, hard evidence remains as elusive as a short-sold penny stock. Our favorite barometer—a 90-day rolling window—suggests, ironically, that Bitcoin is still feeling rather chummy with US equities.”