Bitcoin prepares for massive Bull Run
Bitcoin is facing a massive bull run, which could be similar in scale to that of 2017, when Bitcoin reached its all-time high of more than $20,000.The report argues that Bitcoin can quickly gain momentum if the stock market also rises. Although there is no consensus on whether and how Bitcoin correlates with the stock market, the price of Bitcoin has often risen when traditional financial markets have performed well.
Since the Genesis block of Bitcoin, Bitcoin and Gold currently show the strongest correlation ever, as the following chart shows. Bloomberg states that this year will confirm Bitcoin’s transition from a “high-risk speculative asset to the digital version of gold.
作者 : Collin Brown