Bitcoin Nears $40K, Gaming Flips DeFi

Bitcoin Slips Below $43K as Ukraine Shadows Financial Markets

“Many digital assets should behave more like consumer staples than profitless tech companies due to the high revenues and cash yields, but the market doesn’t seem quite ready to draw a distinction between tokens of recession-proof gaming companies (e.g. ,AXS) and high cash flow exchange companies (e.g., FTT, SUSHI) versus protocols with no cash flows (e.g. BTC) or early-stage products with little fee generation (e.g., SOL, AVAX),” Dorman said.

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