According to Grayscale, Bitcoin’s (CRYPTO: BTC) recent volatility reflects its transition from a growth asset to a mature store of value, with the latest sell-off driven by macro derisking rather than crypto-specific weakness.

Bitcoin’s Transition: From Growth Asset To Digital Gold

In its Market Byte report published on Monday, Grayscale notes that Bitcoin’s sell-off accelerated into early February, briefly pushing prices toward $60,000, while altcoins saw even sharper declines.

Over the past year, BTC has traded closely with high-growth technology stocks, particularly software equities, underscoring its sensitivity to broader risk sentiment.

Despite this, Grayscale stresses that Bitcoin…

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