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BTC finally decoupled from market?

Posted on 10/25/23 at 11:52 am
Posted by The Baker
This is fine.
Member since Dec 2011
19086 posts
Posted on 10/25/23 at 11:52 am
Seems like this time the asset is behaving as intended… A safe haven during uncertainty.

Posted by Odinson
Asgard
Member since Apr 2014
2861 posts
Posted on 10/25/23 at 12:00 pm to
Not a bad idea to get in before the spot etf and halving.
Posted by I Love Bama
Alabama
Member since Nov 2007
38423 posts
Posted on 10/25/23 at 1:47 pm to
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 10/25/23 at 2:09 pm to
quote:

A safe haven during uncertainty.


Has literally never defined BTC. Maybe this time is different though.
Posted by Shepherd88
Member since Dec 2013
4891 posts
Posted on 10/25/23 at 2:43 pm to
BlackRock forming the crypto ETF
And
Bank runs in China with Chinese moving money out
Posted by UltimaParadox
North Carolina
Member since Nov 2008
51558 posts
Posted on 10/25/23 at 6:26 pm to
Pretty sure everyone said this in 2022, as well. When BTC tanked all year long vs the S&P.

But really it was more coupled to tech stocks than the "market" during the bubble.

Now it's coupled to stablecoin minting
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82058 posts
Posted on 10/25/23 at 8:32 pm to
quote:

BTC finally decoupled from market?

Short term trend imo - I don't see the decoupling happening until btc is a multi trillion asset
Posted by The Baker
This is fine.
Member since Dec 2011
19086 posts
Posted on 10/26/23 at 12:22 am to
quote:

Has literally never defined BTC.

No one has called it digital gold?
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11518 posts
Posted on 10/26/23 at 6:19 pm to
Bitcoin has evolved a ton over the years.
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