NoOnes CEO: Under geopolitical conflicts, the hedging property of Bitcoin is shifting towards the characteristics of tech stocks.

Recently, as tensions in the Middle East continue to escalate, the price of Bitcoin has shown an unusual stability, oscillating within the narrow range of $105,000.

Ray Youssef, the CEO of NoOnes, believes that the attributes of BTC are gradually evolving from a traditional "safe-haven asset" to a risk asset with more characteristics of a "high-volatility tech stock," reflecting a fundamental shift in the market's perception of BTC.

Youssef's judgment is based on the correlation between Bitcoin and the Nasdaq 100 index, which has risen to 0.68, indicating that its price movement is much more linked to the technology sector than traditional safe-haven assets like gold.

It is worth noting that Iran's largest cryptocurrency exchange, Nobitex, recently suffered a security breach of $90 million, which analysts believe may be linked to the Israeli hacker group Predatory Sparrow. However, despite the escalating regional conflicts, the entire cryptocurrency market remains unusually calm.

Meanwhile, although the price of Ethereum saw a highest net inflow of 871,000 ETH in a single day during this period, it has not been able to break through the continuous 5-week sideways pattern at 2,600 USD. This market indicates that current investors are more focused on macroeconomic indicators such as Federal Reserve policies, rather than short-term shocks like geopolitical risks.

A deep observation of the market structure reveals that Bitcoin's market share is steadily rising and approaching the yearly high point of 66%. This phenomenon indicates a trend of funds migrating from high-risk altcoins to mainstream cryptocurrencies.

Youssef finally predicted that if global tensions escalate further, combined with possible capital control measures that countries may implement, this "quality preference" of capital rotation may accelerate. However, at this stage, Bitcoin reacts sluggishly to geopolitical risks but is exceptionally sensitive to changes in interest rate policies, showing price characteristics closer to those of technology growth stocks. This characteristic shift is reshaping the strategic positioning of digital assets in investment portfolios.

What are your thoughts on the transition of Bitcoin from a safe-haven asset to one with characteristics of tech stocks? How do you think this transition will impact the future development of the cryptocurrency market? Share your views in the comments section.

#比特币 # geopolitics #对冲资产 # tech stocks