"Bitcoin, Premature to Say It's Decoupling from Macroeconomics... Will Serve as Gold in the Future"

Amid growing uncertainty in the risk asset market due to the global trade war, the claim that Bitcoin (BTC) has decoupled from macroeconomic conditions is considered premature. However, there is also an expectation that it could serve as a hedge like gold in the future.

On the 9th (local time), Rex Lai, COO of OKX Global, said in an interview with The Block, "The claim that Bitcoin is decoupling from traditional markets is premature," adding, "While its correlation with stocks is weakening, it still shows signs of being swept by macroeconomic conditions." He further stated, "On the other hand, gold is fulfilling its role as a hedge against geopolitical instability."

However, there is also an opinion that Bitcoin could become a hedge like gold in the future. Nick Luck, Director of LVRG Research, said, "Bitcoin is currently in the status of a risk asset," but added, "If Bitcoin's ultimate value is reflected in the market, it will serve as 'digital gold' in the future."

As of 7:45 PM, Bitcoin is trading at $77,114, down 2.42% from 24 hours ago, based on the Binance USDT market.