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Regarding B, Is there any evidence that BTC is countercyclical? It seems to have followed the conventional market down over the past week.
by AlexandrB 5y ago
Regarding B, Is there any evidence that BTC is countercyclical? It seems to have followed the conventional market down over the past week.
- vmception 5y ago> It seems to have followed the conventional market down over the past week. Bitcoin would be $3 per Bitcoin if it only correlated to the NASDAQ over the last 10 years It does its thing
- yreg 5y agoWell it of course doesn't corellate S&P 500 1:1, so it provides some diversification (same as everything else). Gold has been down over the past week as well, it is normal for all instruments to move together at times of uncertainty (and when many folks are getting margin called).