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  "note": "Interesting analysis advised from Alden looking at Bitcoin price movement and what it is aligned with.\n\n> This brings us back to Bitcoin. Unlike stocks, Bitcoin lacks earnings or dividends and doesn't have a structural bid to impact its performance. Unlike gold and bonds, at this stage of Bitcoin's adoption cycle, most pools of capital still view it as a risk asset. This potentially leaves Bitcoin with the purest correlation to global liquidity relative to other assets.\n\nI consider Bitcoin a long-term hold. However, understanding what drives the price movement better would be helpful, particularly if Bitcoin is down significantly like it was in recent years. Connecting to price drivers could provide the insight needed to buy into those drops.",
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