RE: BTC $9,700 here we come?

Good questions. Bitcoin has been trading somewhat "strangely" as of late. While risky assets (stocks) kept climbing higher these last few weeks, bitcoin has mostly been range bound. Trading more like a store of value. However, when stocks drop (like they did today) bitcoin dropped even more. Which sort of throws the store of value narrative out the window in the short term. So, to answer your question... I am not sure. Bitcoin has traded mostly likely a risky asset in my opinion, which isn't great when stocks tank, with times it trades more like a store of value asset. I think in the long run it will eventually be a store of value but it's not really there yet.