RE: Bitcoin Testing Key Levels Once Again !

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Bitcoin Testing Key Levels Once Again !

in bitcoin •  7 years ago 

I am excited and looking forward to see if the correction in the US market (S&P 500, Dow Jones and Nasdaq) continues how it will reflect on the the Crypto market.
If BTC is the Gold of the future we may see some new money going in it.

bitcoin
7 years ago by

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      ·  7 years ago 

    Currently BTC has a strong inverse correlation with Gold and a positive correlation with .VIX I don't think if we are going to crash investors will prefer putting their money in crypto. Big investors might shift some money from US equities into emerging markets, but I doubt crypto will go higher if we start crashing. If we go down, everything goes down (except for safeheaven assets like Yen, Gold etc)

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