The price of Bitcoin (BTC 1.62%) is down more than 40% from its all-time high. Meanwhile, gold is trading near record highs. This is an important dichotomy as geopolitical events lead to increased market volatility. Far from being a hedge against market risk, as some market watchers had hoped, Bitcoin has turned out to be a volatility risk all on its own at exactly the point when investors probably hoped it would serve as a bulwark. Where is Bitcoin going? Prediction markets are a relatively new tool for monitoring sentiment across a wide range of topics, from the outcome of a political race t
The price of Bitcoin (BTC 1.62%) is down more than 40% from its all-time high. Meanwhile, gold is trading near record highs. This is an important dichotomy as geopolitical events lead to increased market volatility. Far from being a hedge against market risk, as some market watchers had hoped, Bitcoin has turned out to be a volatility risk all on its own at exactly the point when investors probably hoped it would serve as a bulwark. Where is Bitcoin going? Prediction markets are a relatively new tool for monitoring sentiment across a wide range of topics, from the outcome of a political race t