BREAKDOWN: Why Bitcoin Investors Aren’t Worried About This Price Pullback
Critiques of correlation between bitcoin and equities miss the fact that bitcoin adoption within traditional markets has been driven by a fiat collapse concern.
This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today on the Brief:
Stock market continues its descentInsider stock selling reached five-year high in AugustPresident Trump promises more aggressive decoupling from ChinaOur main discussion: Investors and the BTC price dip.
Over the last several weeks, bitcoin has pulled back from $12,400 to around $10,000. This dip has happened alongside a broader retracement in equities, led by falling tech stocks.
While some have levied correlation to equities as a failure of bitcoin, NLW argues this critique misunderstands the narrative that has driven accumulation from new holders over the last six months.
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