Thursday 5 October 2023

Bitcoin is moving inverse to the market


Early today, Bitcoin is moving inverse to the market. This isn't the first time it's happened, but it's a bit unusual. Very often Btc moves with the general market, and declines when the major indices decline.But this dissociation is becoming more and more common. Btc maximalists would always expect this, but for the market at large to display a Btc-maximalist pattern means that more and more of the market is recognizing the value of Btc as a remarkably safe hedge in a time of currency crisis, inflation, and even declines in securities.It is awesome to see, and bodes well for Btc in the near (and distant) future. via /r/Bitcoin https://bit.ly/3Q47i67

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