MicroStrategy co-founder Michael Saylor recently explained why Bitcoin behaves like a risk asset in the short term. He stated that Bitcoin is the most liquid and easily tradable asset available around the clock.
Michael Saylor Says Bitcoin Trades Like a Risk Asset
According to Saylor, when market panic sets in, traders sell what they can offload quickly, rather than what they necessarily want to sell. This liquidity-driven behavior, he argued, does not mean Bitcoin is fundamentally correlated with traditional financial assets in the long term.
His comments come after Barstool Sports founder Dave Portnoy questioned why Bitcoin was moving in sync with U.S. stocks despite being widely regarded as an uncorrelated asset.
Portnoy’s remarks, shared in a viral social media post that garnered over four million views, sparked widespread debate about Bitcoin’s place in the financial ecosystem.
Bitcoin’s Price Actions in the Global Economy
Saylor also highlighted another key advantage of Bitcoin: its immunity to tariffs. Unlike traditional assets, which are often subject to government-imposed taxes, import duties, and trade restrictions, Bitcoin remains free from such encumbrances.
He emphasized that Bitcoin operates outside of the barriers typically associated with national economies, making it a unique store of value and medium of exchange in the financial landscape.
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His statement comes at a time when governments around the world are imposing stringent trade policies, with the U.S. recently announcing broad tariff increases.
By remaining untethered to these regulatory constraints, Bitcoin continues to be a truly global asset, accessible to anyone, anywhere.
At the time of writing, Bitcoin is trading at $82,840.88, with a 24-hour trading volume that has dropped by 26.80%. The recent price fluctuations suggest that Bitcoin remains susceptible to broader market sentiment despite claims that it operates independently of traditional financial instruments.
JPMorgan’s Counterargument on Bitcoin’s Market Behavior
Not everyone shares Saylor’s optimism about Bitcoin’s distinctiveness. Analysts at JPMorgan have recently expressed skepticism about the idea of Bitcoin as “digital gold.”
The financial institution argues that Bitcoin has been closely mirroring U.S. equities, undermining its narrative as an independent hedge against traditional market volatility.
Many critics insist that Bitcoin behaves like a high-risk asset, reacting to macroeconomic conditions much like tech stocks rather than a safe-haven asset like gold.
This perspective fuels ongoing discussions about Bitcoin’s true role in financial markets. If Bitcoin continues to move in tandem with stock indices, some argue it may lose its reputation as a reliable alternative investment during times of economic turmoil.
The debate over Bitcoin’s correlation with traditional assets continues to shape investor sentiment. While Michael Saylor maintains that Bitcoin’s liquidity drives short-term market behavior, others believe its price action closely follows that of riskier stocks.
Also Read: Michael Saylor Says “Sell a Kidney if You Must, but Keep the Bitcoin” As BTC Drops Below $80,000