🌕🔹According to (mansooralrhyb) and (Cointelegraph), Bitcoin is increasingly viewed as a risk asset rather than a safe haven like gold, challenging its "digital gold" narrative. Analysts suggest that a potential Federal Reserve interest rate cut in July could boost Bitcoin's prospects, although historical data suggests the third quarter typically delivers flat returns, with an average gain of just 1% from June to September. Despite an unspectacular week for Bitcoin, its trajectory could change if it aligns with global money supply trends. Jorin Timmer, global macro director at Fidelity, noted that gold prices could rally following an 8.5% year-over-year increase in global money supply, driven by geopolitical tensions. However, Bitcoin's volatility offers a contrasting outlook. Timmer highlighted that both gold and Bitcoin exhibit rising Sharpe ratios, indicating improved risk-adjusted returns. This metric suggests a potential price recovery, but Bitcoin's dual role as a store of value and a "Nasdaq proxy" undermines its stability.