$BTC Are you ready for the big transformation? (The Great Rotation)"
By: On-Chain Mind
Translated by
The writer begins by noting that gold and silver prices are rising strongly, while "Bitcoin seems to be lagging behind. However, he points out that looking at prices only can be misleading, because what is important is the "risk-adjusted return" (Risk-adjusted Return), not just the price rise.
- The general essence of the idea:
When prices rise sharply, investors tend to believe that assets have become "safe," when in reality they may only be "common." The article seeks to answer a question: