Report: Bitcoin Conforms to Mainstream Markets, Strong Correlation with Gold8.6

A recent report in the Wall Street Journal details how Bitcoin is becoming an increasingly mainstream asset and is starting to develop strong correlations with traditional assets, including Gold.

The report cites the increase in institutional funding, increasing venture capitalist (VC) investments, and growing mainstream adoption as possible factors behind its increasing correlation with traditional markets. Despite this, the WSJ report also notes that Bitcoin is still far more volatile and riskier than mainstream investment vehicles, like the stock market or precious metals markets.

Original source
https://www.newsbtc.com/2018/12/28/report-bitcoin-conforms-to-mainstream-markets-strong-correlation-with-gold/

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