This report discusses lessons from the recent turmoil in the cryptocurrency space, and the ramification of Speaker Pelosi’s Taiwan visit. Instead of being risk diversifiers as promulgated by their promoters, Bitcoin and various crypto assets have been moving in tandem with the riskier segments of the stock market. China may have a sense of urgency to make a bold move on Taiwan before the U.S. and Japan build up sufficient military assets in the region to help defend the island state.
