Contrary To Popular Belief, Bitcoin Isn't Consistently Correlated To Anything
From forbes.com
As a borderless digital asset not controlled by governments or centralized companies, bitcoin’s price should, in theory, travel its own path, independent of other currencies and markets. Crypto’s pioneer asset, however, has seen varied views suggesting correlations to traditional markets, such as stocks, “safe-haven” investments such as gold, or even arguments that bitcoin is not correlated to anything. Available data shows no firm answer, as bitcoin’s correlation seems to change with the wind, while a number of experts have varying thoughts on the matter. “I believe that bitcoin does have a correlation with ...
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