Bitcoin Is Supposed to Be Digital Gold. So Why Does It Crash With Tech Stocks?

Bitcoin is supposed to be digital gold. A scarce asset that governments can’t print, banks can’t inflate away, and investors can hold when confidence in the financial system deteriorates.

So why does it sometimes trade like a leveraged bet on Silicon Valley?

Bitcoin’s latest selloff arrived alongside a broader retreat from technology stocks, particularly companies tied to the AI boom. Bitcoin (BTC) fell below $80,000 according to Binance Research’s November market report as investors reconsidered AI spending, tech valuations, and potentially higher interest rates.

Doesn’t sound like a great hedge on the market, nor a traditional safehaven.