Top Macro Investor Expects Bitcoin-S&P 500 Correlation to Break Down
Bitcoin has pushed seriously higher over the past few days despite some mixed performance in the S&P 500. The leading cryptocurrency is up around $2,000 over the past seven days, having rallied as high as $13,250 after bottoming at $11,200 last Thursday. Prominent macro analyst Raoul Pal expects that BTC will continue to outperform other macro markets in the future. Bitcoin to Decouple from S&P 500, Dollar: Prominent Macro Analyst Pal recently went as far […]
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The Bitcoin correlation with the macro markets reached new highs in 2022. This saw the price of the digital asset, and the entire crypto market by extension, follow the movement of the stock and equities market very closely. There were forecasts that the cryptocurrency would begin to decouple from the macro market as time went on but data shows that the correlation still remains very high even now. Following The Macro Market One of the most prominent ways that the macro market and the bitcoin correlation have shone through has been during important events like the CPI data releases. The....
In a recent call with investors, executives from the crypto hedge fund Pantera Capital said they believe DeFi assets such as Ethereum could soon break out of their current correlation to traditional macro markets. The market has seen increasing similarities between these two spaces recently. But there’s no guarantee it will continue or even last for very long at all, given how quickly things change in this industry. Pantera Capital believes the crypto market will be able to “decouple” traditional macro assets even when interest rates go up. In the interview on February 1, CEO Dan....
Concerns over stock market strength are far from universal as crypto correlation to U.S. equities fails to phase 3AC’s Zhu Su. Bitcoin (BTC) and Ether (ETH) are sure long bets for 2022, prominent investor and commenter Zhu Su says.In a tweet on Feb. 10, Zhu, co-founder of hedge fund Three Arrows Capital (3AC), argued that BTC and ETH were the best options for investment this year, along with oil, while the S&P 500 is a no-go.Zhu: 2022 macro trades “pretty clear”Despite concerns that deflationary pressures could take Bitcoin and altcoins down with equities, not everyone believes that 2022....
The correlation between bitcoin price and the stock market has grown to new highs this year. As a result, the movements in the macro markets have had a great impact on the price of bitcoin, one of the reasons behind the recent decline in price. But as time has gone on, bitcoin has been working […]
Bitcoin has been the best-performing macro asset of 2020. Dan Tapiero, a prominent macro investor and a co-founder of firms like 10T Holdings and Gold Bullion Int., thinks this will continue. He said that he can’t imagine a world where “the coin doesn’t outperform all other assets.” Bitcoin Could Be the Best Performing Asset Moving Forward, Says Macro Analyst Bitcoin has surged over 60% in the past month alone. The leading cryptocurrency has rocketed from […]