Bitcoin Decoupling From Traditional Assets?

Bitcoin began its rise above all others the day it was born but only now is it becoming clear to all it is inevitable:

Decoupling? Bitcoin vs. gold ratio snaps out of 3-year bear market

“’Bitcoin will decouple from traditional markets soon, but driven by its internal adoption s-curve (think startup style growth) rather than changes in perceptions as a hedging instrument by traditional investors,’ Woo wrote.

‘Fundamentals of user adoption have already broken all time highs.’

As Cointelegraph reported, both Bitcoin network hash rate and difficulty are at record levels, underscoring the competitiveness and long-term appreciation of profitability among miners.

Just as Woo predicted a breakaway from Bitcoin’s current dependency on factors such as the U.S. dollar currency index (DXY), another chart highlighted that change may already be afoot.”


Master Asked on September 25, 2020 in Bitcoin.
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