Digital gold? Bitcoin is increasingly behaving like a technology asset
Bitcoin was sold for years as a safe haven. A rare asset free from central banks. It should shine when markets crash. But in 2026, things shift. Tech sector shakes, and Bitcoin drops too. This goes beyond market moves. It's a deep identity crisis.
Bankers and traders tug a rope. A huge Bitcoin coin splits gold and gleaming tech.
In short
Bitcoin moves from digital gold story to growth asset. It tracks tech stocks now. ETH draws bold treasury plans. BlackRock drives tokenization into DeFi through Uniswap. Polymarket battles in court. Crypto normalizes, but hits regulation walls.
Bitcoin streaks with stocks: Digital gold faces test
BTC's drop is not the worst part. It falls with the wrong crowd. Short-term, it acts like a growth stock, not safe gold.
Why now? Institutions changed it all. ETFs, trading desks, and risk bets group Bitcoin with other assets. Fund managers cut risk. They treat Bitcoin like tech stocks, despite its story.
The spark is odd. Doubts grow over AI's hit to software firms. Software stocks tumble. Bitcoin tags along, like it wears a growth label. Gold and silver march on. Bitcoin sticks to the Nasdaq in investors' minds.
Ether turns treasury play: A bet that holds firm.
This change hits Ethereum too. Firms see ETH as key reserve. They manage cash with high risk tolerance.
BitMine Immersion Technologies shows it clear. During a dip, they bought 40,613 ETH. Total holdings near 4.326 million ETH. That's a big pile with heavy paper losses now. Still, they double down.
The point is plain: We stack, not trade. Tom Lee pushes long holds. They take hits that hurt books on paper. It's cold math, not dreams. That builds trust for some.
It tells markets something. If firms eat such losses to hold, it's not just tech talk. It's money and grit. Who can ride the wild swings? Who has real staying power, not just words?
BlackRock hits Uniswap, Polymarket sues: Crypto grows normal through fights
Here's the twist. Bitcoin acts like stock. Wall Street jumps into DeFi. BlackRock lists its tokenized Treasury fund BUIDL on UniswapX. Access for whitelisted users via Securitize. All in strict institutional setup.
The sign matters as much as the tech. TradFi giant brings on-chain Treasuries core to DeFi. It skips old rails. They also bought UNI tokens. Amount unknown.
Some build links. Others brace for rules. Polymarket sues Massachusetts. They fight state bans on event contracts. They say feds rule it via CFTC, not state patches.