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Were Economists Wrong? The Economy Is Not Collapsing. Market Rally | Macro Monday

The Wolf Of All Streets

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Bitcoin Beta and Correlation: A Bullish Argument

There's no stability in the beta of Bitcoin, or any of these that bolt for a very good reason. The 80 some odd percent of hodlers that are holding Bitcoin for a very long time at an all time I are doing so because they believe Bitcoin will demonetize gold and beyond. When you're talking about a 20 X potential rise versus a fall into obscurity or relevance, that makes correlation with risk assets coincidental during periods of time. But when we're not having it on the downside for a macro event, that correlation evaporates and it goes the other way.

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