Gold and stock markets are now correlated with bitcoin
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This WSJ says these gold and stock markets are now correlated with bitcoin. It has been reported by the Wall Street Journal by Excalibur Pro, which points to a stable effect coming from institutional flow of capitals. In the past five days, Bitcoin has left his last evil path.
It has started moving with the waves of traditional finance. These authors point to institutional capital coming in the form of triggers for new value behaviors. The main conclusion of this article is 0.84 correlations with gold and with the last 5 days the Chicago Board of Options VIX's volatility index is 0.77.
With the same products as its other stock market operators, Fidelity is also in the short-term. It seems as if the field of intercontinental exchange is ready for interruption. As an example of this, they show the growth of the Grayscale’s Bitcoin Investment Trust, which is currently around $ 800 million, more than $ 51 million in 2013.
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0.000 SRY