**UPDATED** Bitcoin BTC turning into Gold = a reserve asset
**UPDATE - ignore previous publication**
Quite simply:
constant drop in volume and volatility
positive correlation to gold
no correlation or discernible pattern to DXY (not behaving like a commodity)
price appreciation over 1.5 year slowing down vs since inception
bitcoin is turning into a reserve asset that will broadly move in line with gold
Quite simply:
constant drop in volume and volatility
positive correlation to gold
no correlation or discernible pattern to DXY (not behaving like a commodity)
price appreciation over 1.5 year slowing down vs since inception
bitcoin is turning into a reserve asset that will broadly move in line with gold