TL;DR
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For the most part, when the stock market goes up or down, Bitcoin tends to follow.
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If Bitcoin were to decouple from (break up with) the stock market, it would live its best life as an independent entity (i.e. it would be a hot girl summer for Bitcoin).
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Bitcoin was built from the ground up to protect against inflation. Only 21 million BTC will ever be created (unlike cash that governments can print indefinitely).
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Although Bitcoin has fallen along with the rest of the market over the past year, as inflation fears grew (the opposite of its intended design).
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That is, until recently. There is now proof to suggest that BTC and the stock market have parted ways! Because for the past 90 days, the correlation between the two has been broken.
Full story
Holy hell.
Is it… is it really happening?
Is Bitcoin finally disconnected from the stock market?
It’s been a minute since we covered this, so here’s a recap of it:
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What this all means
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Why it’s bad
This is what it means:
You know that feeling of excitement you get when a good friend breaks up with their boyfriend’s dropkick douchebag?
It’s like a weight has been lifted from your social life.
Bitcoiners get the same sense of excitement the moment there is a hint of Bitcoin decoupling from the stock market.
For the most part, when the stock market goes up or down, Bitcoin tends to follow. If Bitcoin were to decouple from (break out of) the stock market, it would live its best life as an independent entity.
(That is, it would be a hot girly summer, for Bitcoin).
Here’s why it’s a big deal:
This ‘break-up’ could turn Bitcoin into a real safe haven to protect your savings.
Bitcoin was built from the ground up to protect against inflation. Only 21 million BTC will ever be created (unlike cash that governments can print indefinitely).
Although we haven’t seen it react in real time to inflation fears in the past year as you might expect.
Bitcoin has instead fallen along with the rest of the market as inflation fears grew (the opposite of the intended design).
…that is, until recently.
There is now proof to suggest that BTC and the stock market have parted ways! Because for the past 90 days, the correlation between the two has been broken.
Bitcoin has done what it wants for God’s sake – regardless of the stock market’s plans.
(Now we just have to wait and see if the breakup stays).