When investors want to cut risk, they sell stocks alongside bitcoin. So bitcoin isn't a risk-off or risk-on asset yet.Is bitcoin a risk-free investment?

In light of the provided paragraph, it seems investors tend to sell stocks alongside bitcoin when aiming to mitigate risk, suggesting that bitcoin is not yet considered a risk-off or risk-on asset. However, the question posed remains: Is bitcoin a risk-free investment? The answer is nuanced. Bitcoin, as a cryptocurrency, is subject to significant volatility and market fluctuations. Its value can rise or fall rapidly, driven by various factors such as market sentiment, regulatory changes, and technological advancements. This makes it a high-risk investment, unsuitable for those seeking guaranteed returns or stability. While some investors may view bitcoin as a potential hedge against traditional assets, it is important to recognize that it is not a risk-free investment and should be approached with caution.