Home Bitcoin News Why Bitcoin Has Been Extremely Correlated With Fiat – CoinDesk

Why Bitcoin Has Been Extremely Correlated With Fiat – CoinDesk

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Since June 2020, bitcoin went from $9,500 to right now’s value of $19,500 over a 100% return. As compared, the S&P 500 went from 3,000 to three,700, barely over 23%. Bitcoin purchased previous to the financial enlargement has outperformed different main asset lessons, even right now after a greater than 70% decline from the highs.

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