Correlation of BTC with the DXY, M1 and Gold

To add on to may prior idea comparison I have added Gold for comparison.
See for yourself what you sense is correlated an what is not.

تعليق:

The increase since mid-March 2010 of M1 and the rise in BTCUSD price are just very similar. Yet this is likely not directly correlated. I have added gold to the view, which brings another dimension to look at and compare. If we run into more economy crisis scenarios I am afraid Bitcoin and the crypto market will not be able to remove themselves from the pressure (as seen in March 2020). Central banks in my view will administer themselves through any adverse economic challenges, hence through more money at it. If this balancing act will work remains to be seen. In the mean time let's not forget the crypto market is a niche market with a market capitalization of only e.g. JP Morgan Chase. The crypto space will continue to innovate (DeFi) and have his bull cycle continue unless we will have global economy issues.

تعليق:

Here TradingShot's post that triggered me looking into this. Check him out. He always has great analysis.