RE: Bitcoin (BTC) Mid-Day Update: Bitcoin is an Uncorrelated Alpha

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Bitcoin (BTC) Mid-Day Update: Bitcoin is an Uncorrelated Alpha

in bitcoin •  7 years ago 

Not sure i understand about the GBTC reference - although not directly tied to the value of BTC it is probably one of the more closely reflective indicators - how can it continue downwards if you have BTC going up ?? Would seem to be contra-indicative ?

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7 years ago by

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      ·  7 years ago (edited)

    They could be consistent if BTC chooses to follow the abcde route with the blue arrow. Although GBTC is so illiquid and has such a ridiculous premium that i dont think it is a good indicator of the future of bitcoin.

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