📊 Bitcoin and tech stocks are moving closely again, with BTC behaving similar to a high-risk leveraged tech asset after the midterm elections resulted in democrats gaining house and senate power. Over the past two years, crypto has often rallied when growth stocks surge and sold off harder when investors pull back from risk. Now we are seeing an extreme example of this.

🤖 The election concern is less about government funding disappearing and more about slower AI expansion. Investors are worried about tougher data-center approvals, new limits on construction, changes to tax incentives, and more questions around whether massive AI spending will produce strong enough returns. That could reduce expected demand for chips, power…