Bitcoin Decoupling From Nasdaq, Says Grayscale as 'Debasement Trade' Comes Into Focus: Rising Debt, Deficit 'Pushing' Investors to BTC, Gold
Cryptocurrency asset management giant Grayscale noted on Wednesday, Sept. 2, that Bitcoin is gradually decoupling from technology stocks while its correlation with gold continues to rise.
Bitcoin is starting to move differently than tech stocks, and more like gold. When people worry about money losing value, they sometimes buy Bitcoin and gold instead of regular investments.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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