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RE: The Dow getting pummeled, again. Bitcoin hanging in there.

in #bitcoin7 years ago

Interesting Piece @jrcornel

When you say

Bitcoin is likely getting back to it's traditional position of showing almost no correlation to the stock market, if not a slightly negative correlation to stocks

What makes you think this? I hope you are right! But what makes you confident this will turn out to be true?

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It is mostly just an assumption on my part based on its historical pattern. Historically I believe bitcoin is negatively correlated to the stock market to the tune of about -.1, which is just slightly negative, and means that there really isn't much correlation at all.