Bitcoin and gold draw closer as correlation with dollar and equities weakens
Bitcoin and gold draw closer as correlation with buck and equities weakens Bitcoin and gold draw closer as correlation with buck and equities weakens
The "digital gold" epic resurfaces as Bitcoin drifts from Nasdaq and S&P 500.
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As Bitcoin's race unfolds within the shifting sands of late 2024, its as soon as-tight dance with ancient fairness indices adore the Nasdaq and S&P 500 is loosening its grip. This trade, driven by macroeconomic twists and turns within the US political and financial landscape, is reshaping how Bitcoin is perceived â not compatible as a tech-driven chance asset, nevertheless perhaps as something else entirely. As the buck's impression wanes and Bitcoin's course converges with gold, one has to wonder: Is Bitcoin being embraced as the unusual "digital gold"? Opinion what this means for Bitcoin's future...
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Bitcoin, a decentralized forex that defies the sway of central banks or directors, transacts electronically, circumventing intermediaries through a opinion-to-opinion community.
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