PlanB: Bitcoin Highly Disconnected from Stock-to-Flow and Gold, Possibility of Another 10x Bull Market Still Validating
BlockBeats News, December 27th, PlanB stated that the current price of Bitcoin is around $87,500, significantly deviating from its historically correlated range with US stocks and gold. Based on past correlation calculations, the price ranges of Bitcoin corresponding to US stocks and gold are approximately $6,900 and $4,500, respectively, showing that BTC is in a significant "decoupled" state.
PlanB pointed out that a similar correlation deviation occurred when Bitcoin was below $1,000, eventually triggering about a 10x price increase. However, he also warned that if the correlation relationship has been structurally broken, this trend may be different from history, and the final result will still need time to validate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Research Review - eBay, Sunbelt Rentals, T-Mobile
Uniswap.com Domain Story Resurfaces After SBF Purchase Claim
A key leap toward the internationalization of the Korean won: The Bank of Korea launches a trial run of its 24/7 international settlement system, with full deployment set for January next year.
The Bank of Korea officially launched the trial operation of the "BOK Won International Payment Network" on Monday local time.
Offshore oil and gas module equipment company VME (VME.US) aiming for Nasdaq listing, plans to raise up to 30 million USD
Offshore oil and gas process module and separation equipment company VME Companies has applied for an IPO on Nasdaq, aiming to raise up to $30 million, with Kingswood as the sole bookrunner.
Crypto prices
More
