Bitcoin and correlations Examining the relationship between BTC gold and the Nasdaq
1. Bitcoin's Correlation with Gold and NASDAQ Bitcoin has grabbed the attention of the finance industry for over ten years but now it seems to have gained the attention of global macro analysts also. In this article,the author examines the relationship between BTC,gold,and the Nasdaq,which are considered key indicators of global markets. The article discusses how BTC's price behaves in comparison to these asset classes and reduces the analysis to monthly,weekly,and daily timeframes. It highlights how closely Bitcoin has been correlated to the aforementioned asset classes in 2020 and how it has grown as a significant alternative investment.
2. Bitcoin's Safe-Haven Property The article returns to the year 2020 where global markets suffered because of the COVID-19 pandemic and economic recession alarmed investors worldwide. The author argues how Bitcoin's volatility has decreased as compared to the start of the year and how it has shown a little correlation with S&P500. Furthermore,the author presents how Bitcoin was seen as a safe-haven asset in 2020 as its price rose 349% from $4,000 to $13,000 in September 2020 when the US dollar was weak,making BTC more attractive.
3. Factors Affecting Bitcoin Correlation In this section,the author discusses the factors affecting Bitcoin's correlation with Gold and NASDAQ. Firstly,they focus on the US Election in November 2020,which had a major impact on BTC's price correlation with the stock market. Secondly,the author argues that money printer go brrr,monetary policies affect the value of the currency and inflation. With the Covid-19 pandemic,the country's central banks and government had to pump trillions of dollars into the system to stimulate the economy,causing inflation. This,in turn,has pushed investors away from stock market investment,and they have started investing in bitcoin and gold,which are significantly less affected by inflation. Overall,the article examines the relationship between Bitcoin,gold,and Nasdaq. While Bitcoin is often considered an alternative investment,its correlation with gold and Nasdaq has remarkably increased in 2020. Furthermore,the article concludes that Bitcoin's status as a safe-haven asset is likely to continue in the future because of the global financial crisis and the prevailing economic risks.
source https://titdoi.com/news/Bitcoin-and-correlations-Examining-the-relationship-between-BTC-gold-and-the-Nasdaq
2. Bitcoin's Safe-Haven Property The article returns to the year 2020 where global markets suffered because of the COVID-19 pandemic and economic recession alarmed investors worldwide. The author argues how Bitcoin's volatility has decreased as compared to the start of the year and how it has shown a little correlation with S&P500. Furthermore,the author presents how Bitcoin was seen as a safe-haven asset in 2020 as its price rose 349% from $4,000 to $13,000 in September 2020 when the US dollar was weak,making BTC more attractive.
3. Factors Affecting Bitcoin Correlation In this section,the author discusses the factors affecting Bitcoin's correlation with Gold and NASDAQ. Firstly,they focus on the US Election in November 2020,which had a major impact on BTC's price correlation with the stock market. Secondly,the author argues that money printer go brrr,monetary policies affect the value of the currency and inflation. With the Covid-19 pandemic,the country's central banks and government had to pump trillions of dollars into the system to stimulate the economy,causing inflation. This,in turn,has pushed investors away from stock market investment,and they have started investing in bitcoin and gold,which are significantly less affected by inflation. Overall,the article examines the relationship between Bitcoin,gold,and Nasdaq. While Bitcoin is often considered an alternative investment,its correlation with gold and Nasdaq has remarkably increased in 2020. Furthermore,the article concludes that Bitcoin's status as a safe-haven asset is likely to continue in the future because of the global financial crisis and the prevailing economic risks.
source https://titdoi.com/news/Bitcoin-and-correlations-Examining-the-relationship-between-BTC-gold-and-the-Nasdaq
ความคิดเห็น
แสดงความคิดเห็น