🚀 **Crypto Market Takes a Dive, But Don't Panic!** 🚀
- **Nassim Taleb**: The author of "The Black Swan" says Bitcoin (BTC) isn't a reliable hedge against market chaos. 📉
- **Black Monday**: On Aug. 5, the crypto market lost $510 billion in market cap. BTC dropped 18%, while the S&P 500 and Japan’s Nikkei fell 5% and 12% respectively.
- **Taleb's Take**: Bitcoin behaves like speculative Manhattan real estate, not a solid store of value like gold.
- **Cause**: The crash was triggered by the Bank of Japan's interest rate hike on July 31, impacting global markets and leveraged crypto trades.
Stay calm and HODL on!