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Bitcoin price shows correlation to global economic crisis

Bitcoin has widely been considered to be a macro hedge asset against failing global economies, but an exact figure showing this has remained a mystery. Recent findings by a Senior Research Analyst, however, has highlighted that the correlation between the two does exist, and is perhaps much stronger than people might think.  Growing Demand in Struggling Economies In 2019, the Bitcoin market price has shown a 70% correlation with the rising turbulence based on the

The post Bitcoin Price Shows Striking Correlation to Distressed Global Markets appeared first on Bitcoinist.com.

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