Bitcoin ($87,500) currently (pink dot) is far from its historical correlation with stocks ($6900) and gold ($4,500). This has happened before when Bitcoin was below $1,000, eventually leading to a 10x increase. But correlations can also break, and the situation might be different then. Time will tell.
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Bitcoin ($87,500) currently (pink dot) is far from its historical correlation with stocks ($6900) and gold ($4,500). This has happened before when Bitcoin was below $1,000, eventually leading to a 10x increase. But correlations can also break, and the situation might be different then. Time will tell.