Bitcoin-linked volatility has diverged sharply in 2026 YTD, Adam Livingston says: Bitcoin is at 44% annualized, versus 104% for ASST common and 24% for SATA pre

Bitcoin-linked volatility has diverged sharply in 2026 YTD, Adam Livingston says: Bitcoin is at 44% annualized, versus 104% for ASST common and 24% for SATA preferred. The contrast shows how structured finance can turn one asset’s risk into distinct investor exposures.