Bitcoin is digital equivalent of gold, showing signs of decoupling from Nasdaq: Jefferies' Chris Wood

Bitcoin has decoupled from equities, rising 20% since April 8 while the Nasdaq fell 2.4%, hinting at safe-haven behavior.

Jefferies’ GREED & Fear portfolio holds 5% Bitcoin alongside gold as stores of value in uncertain markets.

Surging long-term U.S. Treasury yields and a yawning yield-curve gap undermine Treasuries’ risk-free status.

Private credit stress, collapsing U.S. imports from China, and policy volatility heighten recession risks.