BTC seems to be decoupling from tech stocks. Finally!
In these last couple of days BTC is playing out to be a hedge to a weakening US dollar. It was frustrating seeing the strong correlation to BTC and tech stocks but BTC seems to be decoupling. I really hope this trend continues and BTC is recognized as an alternative currency. It didn’t make sense to me that BTC was so inflation sensitive. With gold being so expensive it seems investors are looking elsewhere like BTC, thank god! submitted by /u/Impressive_Strain921 [link] [comments]
In these last couple of days BTC is playing out to be a hedge to a weakening US dollar. It was frustrating seeing the strong correlation to BTC and tech stocks but BTC seems to be decoupling. I really hope this trend continues and BTC is recognized as an alternative currency. It didn’t make sense to me that BTC was so inflation sensitive. With gold being so expensive it seems investors are looking elsewhere like BTC, thank god!
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