Sentiment around cryptocurrencies and equities has diverged dramatically over the past month, with the former witnessing a sharp drop while the latter flying to new highs.
Indeed, the 30-day correlation ofBitcoin(CRYPTO: BTC)to theNasdaq Compositeand theS&P 500has dropped to an 8-month low.
The decoupling has more to do with cryptocurrency-specific triggers, like the Bitcoin sell-offs by the German government and the defunct cryptocurrency exchangeMt. Gox.
While discussions about decoupling and correlation between the two risk-on market sectors continue, Benzinga spoke with experts about the best long-term scenario.
Bitcoin As...
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