Bitcoin is increasingly exhibiting as digital gold, with indications of decoupling from traditional assets like the Nasdaq nowadays, and its performance trajectory is diverging from historical patterns, potentially setting the stage for a distinct.
Bitcoin has a strong positive correlation of 0.70 with gold, distancing itself from tech stocks. It has a 0.53 correlation the with Nasdaq 100. 1
But still, the future remains uncertain, but at the very least, I believe Bitcoin possesses all the potential and inherent characteristics to be considered the original gold in the digital realm.
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