Key facts
- Bitcoin's price dropped 15% this week.
- Bitcoin is experiencing its worst year-to-date performance in over a decade.
- Capital is shifting towards AI stocks and new listings.
- Bitcoin's appeal as a portfolio diversifier has diminished.
Bitcoin has experienced a significant price drop of 15% this week, marking its worst year-to-date performance in over a decade. This decline coincides with a capital shift towards booming artificial intelligence stocks and new public listings, such as SpaceX. The diminished appeal of Bitcoin as a portfolio diversifier is attributed to its increased volatility and correlation with other assets.