Blockware Intelligence Newsletter: Week 6 – by Blockware Market Intelligence – Blockware Solutions Market Intelligence Newsletter

Over the years, Bitcoin has battled a narrative of equity-market correlation. Rightfully so, as the pandemic crash of March 2020 showed: Bitcoin can definitely act like a risk-on/risk-off asset. On the currency side, the Bitcoin price has also periodically correlated with the Chinese yuan due to capital fleeing the country. However, it s most fair to say that Bitcoin is its own beast and doesn t derive correlation from other asset classes. As a commodity, it has its own features, characteristics, and internals that drive underlying valuation. Nevertheless, Bitcoin responds to the global macro environment and is itself a product of it, and therefore we must watch themes that contribute to the underlying thesis of a long Bitcoin position, namely themes of financial market fragility. Today, we ll discuss the dollar and China.

via www.blockwareintelligence.com

Goodness. This looks just like what the doctor ordered, information-wise.