Bitcoin Closing In On $100,000: What’s Driving The Surge?
Posted On May 2, 2025
Bitcoin’s (CRYPTO: BTC) resilience is fueling speculation that it may be evolving into an equity alternative, a shift that could make it more stable and attractive during broader market turbulence.
What Happened: In an X post on May 1, CoinBureau CEO and co-founder Nic Puckrin referenced BlackRock’s Robert Mitchnick, who suggested that Bitcoin could become a “low-beta” asset if investor behaviour shifts accordingly, drawing from George Soros’s reflexivity theory, where belief shapes reality.
Mitchnick’s thesis is being supported by recent price action: Bitcoin held steady even as equities slid during renewed …
About The Author
