Bitcoin: Volatility Falls Below Most Magnificent 7 Stocks
Michaël van de Poppe argues Bitcoin's permissionless nature and declining volatility versus Magnificent 7 stocks position it as the strongest AI trade amid growing institutional adoption.
SourceAnalysis
Michaël van de Poppe endorsed Eric Yakes' view that Bitcoin stands alone as a multi-trillion-dollar permissionless asset that can be stored on a thumb drive and transferred globally without intermediaries, calling it the best AI trade available.
Van de Poppe noted Bitcoin's volatility has dropped to roughly half its level from five years ago and now sits below several Magnificent 7 equities, removing a long-standing barrier for allocators. He also pointed to expanding bank use of BTC as loan collateral, citing Bank of America's entry into Bitcoin-backed credit lines.
Price action on the 4h chart shows Bitcoin at $80449.86 inside the Bollinger Bands with the upper band at $81371.72 acting as immediate resistance while the 50-EMA at $81054.27 and 200-EMA at $81712.32 cap upside; the neutral RSI at 46.38 paired with a MACD golden cross at -59.41 suggests any rejection at the upper band will likely produce a measured pullback toward the 50-EMA before the next directional move.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast