Economy

Tom Lee, co-founder of Fundstrat analytical agency, said investors buy bitcoin when they are confident in a stable economy and geopolitical situation. In an interview with CNBC, the optimistic bitcoin said that the growth of the first cryptocurrency coincided with the best profitability of the S&P 500. According to Lee, bitcoin thrives when the index grows by more than 15% per year. Bitcoin has fallen 12% […]

The inverse correlation of Bitcoin and RMB increases over time. This may indicate that the Chinese are increasingly considering BTC as a protective asset, according to Bloomberg. Reverse interdependence peaked at the end of August: According to Garrick Haileman, researcher at the London School of Economics and the head of the research department at Blockchain.com, this trend became more pronounced back in […]