As Bitcoin (BTC) eventually breaks the $ 100,000 mark after the bullying of the weeks, Redstone's new report is challenging Crypto one of the most repeated mantra: BTC is a safe Havenvara similar to gold.
Analysis supported by data was shared Cryptopotato Bitcoin's best role is not a protective hedge against inflation, but a dynamic portfolio.
Case against BTC as a secure asylum
The Redstone report will open the year's value data between Bitcoin and S&P 500 using 30-day rear windows. When there were occasional negative associations during short 7-day windows, which incited Bitcoin shares to be opened, the wider picture is much more nuanced.
According to the Oracle provider, the values of the chain ranged from -0.2 to 0.4, which are far from a strong negative link below -0.3 needed to qualify the BTC for a real hedge. Despite the periods of independence influenced by “market noise”, there were no permanent inverse relationships to justify the hedge label.
The study suggests that the value of bitcoin lies in uncontracted rather than correlated. Unlike bonds or gold, which often rise When the shares fall, Bitcoin marches its drum game. According to Redstone's analysis, this Market CAP will make the world's largest cryptocurrency a diverse of a useful portfolio, but for unreliable risk of risking against market accidents.
Market influences
The company identified two main effects for market participants. First, the BTC low or moderate connection to the shares may improve the risk -adjusted return, but do not consistently protect against the fall of the market.
Second, investors should be careful about short -term narratives. Although bitcoin can sometimes move independently of shares, such phases tend to be temporary, making this brief correlation risky based on the shift.
“If Bitcoin truly moves over safe, risk-field property, we would be a witness of modern financial history,” noted Redstone co-founder and COO Marcin Kazmierczak. “I believe it is possible. But certainly not in a short period of time as crypto believers would want it to be.”
Meanwhile, the price of BTC dispenses the headlines after the last month has risen by more than 33%. During this writing, the flagship traded about $ 103,577 cryptocurrency, which is 4.1%per Coinetoko in the last 24 hours.
However, despite Bullish's momentum, it was still behind the wider cryptoser, as its 7.4% pump could not answer the 8.8% seven -day rise of the rest of the crypto market.
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