Jamie Coutts, the chief crypto analyst at Real Vision, is emphasizing Bitcoin’s (BTC) superior performance during the recent corrections in both stock and crypto markets.
According to Coutts, while Bitcoin has been known for its historical volatility compared to stocks, it has experienced a comparatively milder correction lately than anticipated based on past price fluctuations.
“People are not fully grasping what is occurring with Bitcoin amidst this risk-asset turmoil. BTC, which has 2.5 times the volatility of the S&P 500, faced a drawdown of 28%, while the S&P 500’s decline was 19%. This indicates a significant OUTPERFORMANCE.”
“It may not solely be about BTC’s resilience but also a sign of the growing fragility of the fiat system and its associated markets – complex systems tend to gravitate toward entropy and chaos. Bitcoin is reflecting this disintegration.”
Looking ahead, Coutts believes that Bitcoin will gain significance as its two primary use cases become more relevant globally.
“What we are witnessing is monumental. Systems are faltering. The fragility of the fiat fractional reserve credit-based system is evident again. In the coming days, recognize that Bitcoin’s emergence as a global settlement layer and collateral asset is gaining momentum. Rapidly.”
“Previously, this was understood by everyday people; now, it will be recognized by nation-states.”
As of this writing, Bitcoin’s price stands at $83,227.
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Disclaimer: The opinions expressed at The Daily Hodl are not investment advice. Investors should conduct thorough research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Be advised that your transactions and trades are at your own risk, and any losses incurred are your responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it act as an investment advisor. Please note that The Daily Hodl engages in affiliate marketing.
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