Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Bitcoin and Stocks Break 2019 Inverse Correlation Trend...
S&P500:
Bitcoin:
There are some analysts who say that if the S&P is in a bullish trend, Bitcoin will do very well due to its low correlation.
Source: https://cointelegraph.com/news/bitcoin-and-stocks-break-2019-reverse-correlation-trend-chart-data
Although many ways and discussions of this issue have been established, it is notable that the Bitcoin market has shown itself to shine on its own light, has had its Accumulation and Distribution phases with great success, while some claimed that this deflationary economy represented being a bubble .
Already over the years and see the tremendous potential that has a technological and market level arise this type of analysis, which, is not bad, sometimes I think it is to try to convince those investors who think like Warren Buffet. Bitcoin adoption is getting better.
S&P500:
Bitcoin:
Quote
Comparing charts from the S&P and Bitcoin shows compelling but certainly not conclusive evidence for the Bitcoin hedge narrative. It is also important to consider the many other factors that might affect correlation data, such as central bank policy, inflation, etc.
There are some analysts who say that if the S&P is in a bullish trend, Bitcoin will do very well due to its low correlation.
Quote
the United States Federal Reserve has added $210 billion to the market over the past two months an amount greater than Bitcoins entire market cap of $167 billion and one that could make deflationary assets such as gold and Bitcoin attractive to investors.
Source: https://cointelegraph.com/news/bitcoin-and-stocks-break-2019-reverse-correlation-trend-chart-data
Although many ways and discussions of this issue have been established, it is notable that the Bitcoin market has shown itself to shine on its own light, has had its Accumulation and Distribution phases with great success, while some claimed that this deflationary economy represented being a bubble .
Already over the years and see the tremendous potential that has a technological and market level arise this type of analysis, which, is not bad, sometimes I think it is to try to convince those investors who think like Warren Buffet. Bitcoin adoption is getting better.