Bitcoin price is closely linked to several financial assets but the reasons for correlation with certain precious metals and stocks can be quite different. The financial media often points out Bitcoin’s correlation to big tech. “Bitcoin is trading like a tech stock” is a common narrative alongside BTC’s often acute inverse-relationship with the United States dollar. But…
The Galaxy Digital CEO predicts tough times ahead for the United States economy but continues to be bullish on crypto. The United States is headed for a credit crunch and now is the right time to buy gold, silver and Bitcoin, says Galaxy Digital founder and CEO Michael Novogratz. “We are going to have a credit…