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[quote][i]Originally posted by SetH[/i] Not posted on BTC For a while but strangely it has been observed that it appears to follow the S&P index. If you overlay the graphs in trading view they are very similar. The whole Idea of BTC was that it was to be a hedge against FIAT, it is looking more likely it is now correlated. Will see what happens over this new financial crisis. Looking to short it at the moment as its had over a 90% rally in less than a month. For the current year it is still the best performing asset overall in all markets. For me personally I don't see it as a store of wealth, just like to trade the volatility. high risk, high reward. I really don't think we will see the 1000%+ gains in the other cryptocurrencies, like we did a few years back referred to as 'alt season'. I had my eye on Ethereum but its literally coupled itself to BTC so does not make sense to trade them both. Lots of institutional money is coming into BTC, well has been for a while especially since they opened CME futures. It is that same money that has the potential to sky rocket this but would investors want to invest in a high risk asset during a time like this? [Edited on 08-04-2020 by SetH] [/quote]
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