Gold and silver passed the stress test, Bitcoin flunked it this time.

We all have our soy boi high beta risk asset moments, but that doesn’t mean we can’t also have our hedge moments.

No asset is purely one thing, especially bitcoin. Sometimes you need a new box.

Peer to peer electronic cash? Digital gold? Why not just bitcoin?

Bitcoin shines brightest when liquidity is abundant, inflationary money printing episodes, and financial repression or currency collapse scenarios; better prepared than scared.

The honest box: Asymmetric, volatile, scarce digital asset with option like convexity; best performed in risk on liquidity cycles, but capable of hedge behavior in specific inflationary or systemic trust breakdowns.