Anish Saxena, a New Delhi-based automobile dealer, made "incredible" profits by investing in cryptocurrencies in 2020, just as his business took a hit from the coronavirus pandemic-induced lockdown."I had known about Bitcoin and Ethereum and dozens of other assets for years," the 33-year old businessman said. "But I only got to invest in them after the lockdown pushed me and my … [Read more...] about Decoupling ahead? Bitcoin and Ethereum may finally snap their 36-month correlation
Correlation
Bitcoin’s correlation with gold and stocks is growing
Bitcoin (BTC) is an uncorrelated asset, or so the narrative used to go. For much of Bitcoin’s lifetime, it existed as something of value to a very small group of people. Now, awareness and demand are accelerating rapidly. So, what does this mean for the status of BTC as a supposedly uncorrelated asset? That Bitcoin was an uncorrelated asset isn’t just conjecture — the numbers … [Read more...] about Bitcoin’s correlation with gold and stocks is growing