Bitcoin BTC turning into Gold = a reserve asset
Quite simply:
constant drop in volatility
drop in volume (not shown)
positive correlation to gold
no recent correlation to broad-weighted traded dollar index
price appreciation over 1.5 year slowing down vs since inception
bitcoin is turning into a reserve asset that will broadly move in line with gold
constant drop in volatility
drop in volume (not shown)
positive correlation to gold
no recent correlation to broad-weighted traded dollar index
price appreciation over 1.5 year slowing down vs since inception
bitcoin is turning into a reserve asset that will broadly move in line with gold
just realized I posted too quickly, it seems like the DTWEXM is not updated anymore, hence the zero correlation... (always fishy when there is a zero correlation, I should have checked before posting! my bad...)
I will repost a new chart with the declining volume.