Good article at the end “Read more…” of research on sector performance during bull steepening periods (recessions).
https://realinvestmentadvice.com/nvidia-legal-woes-may-benefit-amd-and-others/
Tl;dr is gold/gold miners do amazing, tech gets slaughtered.
So… is BTC more tech or more gold?
Narrative is that it’s high tech gold, but it trades more like a levered tech ETF…