Hivemind: Bitcoin Decoupling, US Trade Deficits & Worldcoin
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Whole point with this Bitcoin decoupling thing that I'm talking about is, like, on the margin, I could see foreign capital going towards, you know, things like gold, things like Bitcoin. The onus is on Bitcoin to prove that it's actually decoupling because, like, there's been so many, like, false signals in the past. The biggest driver is still probably gonna be Nasdaq for the time being, but on the margins, I think it's it's shifting away from that a bit. Nothing
said on the hive mind is a recommendation to buy or sell securities or tokens. This podcast is strictly for informational purposes only, and any views expressed by anyone on the show are solely our own opinions, not financial advice. Hi, everyone, and welcome to another episode of the Hivemind podcast. The goal of the podcast as always is to provide an inside look into what we like to call the Delphi hivemind, bringing together some of our brightest minds from each of the divisions to share insights, alpha, and shitposts. Today with us, we have the usual crew, Cedars Paribus from institutional
one yeah. One issue I have with this is that and I'm just gonna jump in talking because there's drilling today. Is, like, Seoul's been up, like, 30% over that period too. And so it's like I don't know if it it has been, like, specifically Bitcoin.
Bitcoin. Yeah.
Well no. But there's a lot of assets that are not. Like, I mean, Fartcoin was has been, like, very strong recently too. I think that crypto just when crypto sells off first, but it also gets bid first. Right? And so I don't know if the fact that Bitcoin looks like, if if stocks puke, Bitcoin is puking %, And gold might honestly do okay in that scenario. I it's like I think it's just yeah. It's there's no evidence that it's acting anything like gold. And I think the decorrelation right now is kinda just, like, people waiting for I think, like, the the market, it it does not believe that these t
It's no. It's been trading decently. Well, I mean, yeah, I think the the the disbelief is is a function of, Trump crying uncle or the Fed stepping in if if things get too bad. And so, you know, markets bottom, like, six to twelve months before recessions end. And and so, you know, as forward looking mechanisms, it makes sense to to try and price that in. Bitcoin was was definitely catching a bid before JPal's, speech yesterday. Mark in general was, but but Bitcoin in particular. And and so, yeah, that that kinda hammered things completely. And and
Yeah. But then when it sold off, it it is pretty strong. Like, anyways, this is obviously, like, day to day PA, but I think I agree with, like, set like, inside us and Jose. It's like the onus is on Bitcoin to prove that it's actually decoupling because, like, there's been so many, like, false signals in the past. But I still think, like, the drivers of Bitcoin could be shifting towards, you know, less away from from the Nasdaq to these other factors over time. Because if you think about it, like, fundamentally, if The US and China are getting into a massive trade war and The US is, you know,
if that's
changing, if that's the goal of the administration, then maybe, bid. You know? It's it's at the levels it was pre liberation day where tech stocks and, S and P are down, like, 10%. So and it held up pretty well on
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