Post
Topic
Board Bitcoin Discussion
Re: Another reason bitcoin will succeed: US to target Putin's $40 billion stash
by
smooth
on 22/04/2014, 00:04:22 UTC
I think the only reason you believe there is a correlation of BTC & USD is because the propaganda of BTC is anti-Central Banking.

If there is no correlation then it is still useful for diversification. Negative correlation would be better, of course, but zero correlation makes his argument valid as well.

In order to argue that it isn't useful for diversification you would have to show it has perfect correlation.