Why bitcoin's 'compressed' valuation offers reduced downside risk versus stocks

The recent surge in oil and gas prices has driven up inflation expectations, causing markets to adjust their bets on Federal Reserve rate cuts, with traders now pricing in a near 40% chance of no rate cuts this year. What to know : Asset manager Bitwise suggests bitcoin may already have priced in the effects of tighter monetary policy, leaving stocks more exposed to macroeconomic shocks. The recent surge in oil and gas prices has driven up inflation expectations, prompting markets to adjust their bets on Federal Reserve rate cuts, with traders now pricing in a near-40% chance of no rate cuts this year. Bitwise argues that bitcoin has already adjusted to tighter financial conditions, while equities have only recently begun to fall, making stocks more vulnerable to negative macro catalysts.(Coindesk)