Is This The Day Bitcoin Had Been Waiting For 11 Years?
It truly is only a matter of time before Bitcoin soars.
Bitcoin Price Analysis: Is This The Day Bitcoin Had Been Waiting For 11 Years?
We could see the same positive correlation between Bitcoin and the stock markets over the past weeks. However, during the past days, Bitcoin holds firmly, trading inside a range between $5000 and $5500. This is despite another plunge of 5-6% in the major indexes.
Is this the turning point, when Bitcoin says goodbye to the positive correlation in order to become a real safe-haven asset? Only time will tell. Just a reminder, Gold crashed at the beginning of the 2008 financial crisis, just as it does now, before starting to be a hedge and started soaring.