Bitcoin more of a ‘diversifier’ than safe possession: Report

The fluctuations of bitcoin’s correlation with US equality raises questions about its role as a global safe property during financial stress.
Bitcoin (Btc) showed a strong negative correlation with the US stock market when reviewing short-term, seven-day touch coherence, according to new research from blockchain data provider Redstone Oracles, which is shared exclusively with cointelegraph.
However, Redstone said the 30 -day indicator indicates a “variable touch” between the price of Bitcoin and the S&P 500 index, with a coefficient of ties from -0.2 to 0.4.
The change of this relationship suggests that Bitcoin “does not always work as a real fence for equal -equivalent” due to the lack of a strong negative relationship below -0.3, which is required for “reliable opposition movement during market stress,” the report report.
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The research suggests that while Bitcoin may not be a reliable fence against the decline in the stock market, it still offers value as a portfolio portfolio.
The change of dynamic signals that Bitcoin often moves independently from other possessions, which potentially offer additional returns while other possessions are difficult. However, Bitcoin has yet to reflect the safe dynamics of gold and government bonds, Redstone suggests.
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Bitcoin needs to be “mature” before dedicating from the stock market
While Bitcoin has prepared to grow in a safe property in the future, the first cryptocurrency in the world still needs to be “mature” as a global property, according to Marcin Kazmierczak, co-founder and chief operating officer in Redstone.
“Bitcoin still needs to grow old before decaying from stock markets,” Kazmierczak told Cointelegraph, which added:
“Increasing institution adoption can really help-we can see this effect on corporate treasury investments that reduce the 30-day volatility of Bitcoin and with blackrock repeating BTC repeatedly as an property in a portfolio.”
Bitcoin, meanwhile, will see a growing recognition as a portfolio varied, with an annual return of more than 230% for the past five years, which has been “significantly outperformed” both stocks and traditional safe haven assets, Kazmierczak said, adding that “even a small 1-5% dedication of bitcoin can significantly improve a risk of rising risk.
Meanwhile, the collapse of Bitcoin’s volatility supports BTC’s apparent growing season as a global financial owner. Bitcoin’s weekly volatility Press a 563-day low on April 30, a development that can signal a more stable price action.
The volatility of bitcoin price Falling under the realized volatility of the S&P 500 and the NASDAQ 100, which signed that investors are increasingly treating Bitcoin as a long-term investment vehicle, Cointelegraph reported on May 13.
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