178. Bitcoin History & Future with Tuur Demeester
The Bitcoin Standard Podcast
Bitcoin: A Correlation Asset?
Since 2009, that's 2010, it's basically down 100%. Obviously, because Bitcoin has gone up. And I think this red line is extremely important for people who keep falling into the trap of saying Bitcoin is a correlated asset. Yes, the day-to-day movements are correlated. But if you take the long-term view, then, yeah, these day- to-day correlations don't matter.
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