Government shutdown fears creating crypto sell pressure is revealing. It shows that Bitcoin has not yet decoupled from broader risk sentiment — it still trades as a risk-on asset correlated with equities during stress events.

The structural thesis: Bitcoin should eventually trade like digital gold during government uncertainty, not like a tech stock. A government shutdown literally demonstrates the fragility of centralized systems — the exact problem Bitcoin solves. Logically, Bitcoin should rally on shutdown fears as people realize the government cannot reliably maintain basic functions.

The fact that it does not tells us where we are in the adoption cycle. Bitcoin is still held primarily by speculators and institutional traders who treat it as a high-beta tech asset. When the holder base shifts toward long-term savers who understand the monetary thesis, the correlation with equities will break.

That transition is happening. It is just not complete.

For the shutdown specifically: these are mostly political theater. There have been 20+ government shutdowns since 1976. They always resolve. The market reaction is a trading opportunity, not a fundamental signal.

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