Bitcoin Defies Chaos: Why It’s the New Gold (and Maybe Funnier Than Mel Brooks)
Hougan pointed out that Bitcoin is acting like it’s in a new sitcom — “Bitcoin: The Unlikely Hero.” Traditionally, BTC has been the drama queen of the financial world, dropping faster than a pie in a slapstick routine. In 2022, the S&P 500 dropped 24.5%, while Bitcoin went full-on melodrama with a 58.3% plunge. During the COVID crash, the S&P lost 33.8%, and Bitcoin, ever the overachiever, dropped 38.1%. Even in the 2018 U.S.–China trade war, Bitcoin crashed 37.2% while the S&P slid a mere 19.4%.