The market is making a clear choice over the last 30 days.
Real Market Data: 🟦 Tesla (Hardware/Robotics): +13.5% 🟧 Bitcoin: -4.4% 🟪 Microsoft (Software): -6.0% 🟥 Nvidia (Chips): -8.0%
Capital is rotating.
Discussion
The thesis from Jordi Visser
is playing out: We hit the physical limits of software.
Money is moving from "Pure Code" (SaaS) to "Physical Tech" (Tesla/Energy).
The divergence in the chart above is loud.
But where does #Bitcoin fit in?
Right now, BTC is trading like a Tech Stock, not a Commodity. It is falling alongside Nvidia and Microsoft.
To win in this new environment, Bitcoin needs to break the correlation with Tech and start tracking with Energy & Hardware.