Part 14/17:
Bitcoin’s trading akin to a growth asset means its performance might temporarily decouple or mirror tech stocks, but as institutional adoption increases, it could also behave more like a macro or commodity asset. She cautions investors to be mindful of volatility, emphasizing that late-stage bull markets tend to be more turbulent, and leverage or emotional trading can be risky.
The Path to a Potential Bitcoin Bull or Bubble?
Alden refrains from precise price targets but points out that past halving cycles have seen exponential increases—up to 20x or more—suggesting a potential for high six-figure valuations. However, she warns that macro factors like yields, inflation, and institutional adoption will heavily influence whether Bitcoin follows a super-cycle or faces setbacks.