If you still treat gold as defensive,you’re probably already behind this cycle.
It’s not that gold is useless. It’s that your definition of hedging is outdated.
Everyone’s talking about gold struggling below 5K.
But that’s not the real story.
The real shift is this:hedging itself is being redefined.
The old playbook was simple:
Bull market → go risk-on (BTC)
Bear market → hide in gold
But there’s a flaw in that logic:The moment you hedge,you give up your ability to attack.
Your money is safe.
But it’s also… dead.
Now? That dynamic is breaking.
@Bybit_Official just quietly flipped the game:they