Bitcoin, as per NYDIG's assertion, is showing signs of uncoupling from traditional risk assets. This could potentially make the Bitcoin Bull Token a significant beneficiary.
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Bitcoin is breaking free from the constraints of traditional assets and carving out a path as a digital store of value, according to the New York Digital Investment Group (NYDIG).
Greg Cipolaro, NYDIG's head of research, penned down his thoughts in an April 25 note. "Ever since 'Liberation Day' on April 2nd, a new picture of haven assets is starting to emerge, one that includes bitcoin," he wrote. "The decoupling from traditional risk assets is still in its infancy and fragile, but for those keeping an eye on crypto markets, the shift is palpable."
A Shift in Bitcoin's Behavior
Cipolaro pointed out that Bitcoin has subtly changed its behavior in recent weeks, particularly during the climax on April 21 and the escalation of the "US hegemony unwind trade." This period saw the S&P 500, US dollar, and 10-year Treasuries fall, while Bitcoin surged, Cipolaro explained.
"Bitcoin has acted less like a leveraged version of U.S. stock market beta and more like the non-sovereign store of value it is," the NYDIG analyst declared.
BTC Bull Token: The Winner in a Bull Market?
As Bitcoin morphs into a digital store of value and a safe-haven asset, the newly created token BTC Bull Token (BTCBULL) is poised to shine.
BTC Bull Token came into existence with the belief that the leading crypto will surge beyond the $1 million mark. It rewards investors with free Bitcoin during airdrops when the BTC price hits specific price milestones, starting at $150,000.
The recent transformation in Bitcoin's behavior, as spotted by NYDIG, bodes well for BTCBULL token holders. It suggests that Bitcoin's price might have enormous upside potential in both bull and bear markets.
99Bitcoins, a popular YouTube channel with over 725K subscribers, anticipates BTCBULL could skyrocket 10X after its launch. Investors are already diving headfirst into BTCBULL, which has recently surpassed the $5 million mark during its presale.
Explore BTC Bull Token.
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- For the latest updates on Bitcoin's transformation into a digital store of value, visit our Telegram channel.
- Greg Cipolaro, head of research at NYDIG, stated that Bitcoin's behavior has subtly changed, decoupling from traditional risk assets.
- The BTC Bull Token (BTCBULL) could shine as Bitcoin morphs into a digital store of value, with expectations of up to 10X growth after its launch by 99Bitcoins.
- As investors pour into BTCBULL, which recently surpassed $5 million during its presale, consider using a feature-rich, non-custodial wallet offering early access to ICOs and staking to earn native tokens.
