🟠 Trader PlanB: Bitcoin Has Significantly Deviated from Its Historical Correlation with Stocks and Gold
Famous trader PlanB has pointed out an anomalous divergence of Bitcoin from traditional assets.
His observation:
· Bitcoin ($87500) is currently significantly deviated from its historical correlation with stocks ($6900) and gold ($4500). · Such a situation has occurred before when BTC was below $1000, leading to a subsequent 10x increase. · However, the correlation may be broken again this time, making the situation unique.
His additional comment:
“Bitcoin has definitely not been uncorrelated for the past 10 years. Everything that has real value grows when governments devalue money.”
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🟠 Trader PlanB: Bitcoin Has Significantly Deviated from Its Historical Correlation with Stocks and Gold
Famous trader PlanB has pointed out an anomalous divergence of Bitcoin from traditional assets.
His observation:
· Bitcoin ($87500) is currently significantly deviated from its historical correlation with stocks ($6900) and gold ($4500).
· Such a situation has occurred before when BTC was below $1000, leading to a subsequent 10x increase.
· However, the correlation may be broken again this time, making the situation unique.
His additional comment:
“Bitcoin has definitely not been uncorrelated for the past 10 years. Everything that has real value grows when governments devalue money.”