Analyst: There have been historical deviations in the correlation between Bitcoin, US stocks, and gold; after the last occurrence, BTC price increased tenfold.
PANews reported on December 27 that crypto analyst Plan B posted on X, stating that bitcoin is currently deviating from its price correlation with US stocks and gold. This situation has occurred in history before, when bitcoin was below $1,000, but the price later increased tenfold. Although price correlation is not absolute and current market conditions may be different, time will tell everything.
In response, another analyst, Willy Woo, commented that the Mt.Gox hack at the end of 2013 put pressure on the bitcoin price, and the deadlock over block size in 2014 triggered whale sell-offs. The current question is whether investors will view quantum computing as an obstacle equivalent to the "block size debate."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
What would happen if the buyers of computing power become intelligent agents?
The United States is planning to promote dollar stablecoins overseas in an effort to strengthen its position as a reserve currency.
According to sources, the Trump administration is considering an initiative to promote US dollar-pegged stablecoins abroad in order to strengthen the dollar’s position as a global reserve asset.
Kratos Defense EVP, CFO Deanna H. Lund sells USD 341,999.11 in common shares
The US Treasury repurchases $6 billion in ultra-long-term bonds: three times the amount planned for early August, with the 30-year yield still reaching its highest level since 2007.
The United States will repurchase up to $6 billion worth of long-term government bonds.
Crypto prices
More
