Bitcoin’s recent gains do not remove macro risk, Nik Bhatia says, warning that a potential dollar squeeze still hangs over markets. He argues the U.S. is unlike

Bitcoin’s recent gains do not remove macro risk, Nik Bhatia says, warning that a potential dollar squeeze still hangs over markets. He argues the U.S. is unlikely to be overly concerned by financial stress abroad, underscoring a sharp global liquidity divide.