Stocks

Some thoughts on XBT(BTC) price on March 30, 2020

There are two things to mention on XBT(BTC) price right now.

  1. Now it’s obvious that there’s no correlation between stocks market and XBT(BTC) price — all coincidences are random.
  2. Also it’s absolutely obvious bitcoin is not a reserve currency — it’s a speculation tool and private person saving asset. And so called "whales" do not hedge theirs funds buying btc.
Stock indexes and BTC price movement comparizon