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Bitcoin is showing relative strength compared to equities on a day described as very difficult for stocks. Steven Lubka said it remains to be seen how Bitcoin will perform if the current sell-off in equities continues, but so far he considers its resilience a positive sign.
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Lubka previously noted that yields have declined as market breadth increased, even as risk and AI assets showed signs of weakness. In a separate commentary, he argued that U.S. companies should be free to offer shares to children as part of modern market incentives. Both views reflect Lubka's ongoing attention to shifts in investor participation and market structure.