The Currency Analytics
By Steven Anderson
Bitcoin (BTC) Halving Coincides with US Elections
Bitcoin enthusiasts hail that the very survival of BTC during this economic turmoil is proof of its success factor.
Forbes states, despite the price reason for Bitcoin, rise not being clear, it is very clear that the current surge is a retail investor driven.
Analysts call this an organic and new interest in Bitcoin. Whether by Fear of missing out or for any other reason, the uptick has picked up new users and new trading volume.
Sydney Ifergan, the Crypto Expert, tweeted: "Rescue deals, stimulus packages, and governments printing money has all let to the spark of new investor interest in Bitcoin…
It has also been seen that the correlation of Bitcoin price to gold has also increased during the pandemic.
Gabor Gurbacs, a digital assets strategist and Bitcoiner tweeted: “Quick take: > Bitcoin correlations to gold increases during the COVID19 pandemic.
Previously, it was seen that the correlation of Bitcoin to gold was low in the long-term; however, during the recent COVID-19 induced broad market sell-off, they have noticed…
And, yet something interesting in a tweet from one PlanB: “#Bitcoin halvings coincide with US presidential elections (2012, 2016, 2020, etc.) chance or Satoshi's genius?
Fresh investors are interrogating into how many Bitcoin would potentially increase portfolio diversification, according to Gabor Gurbacs.
The correlation of Bitcoin (BTC) with traditional asset classes have begun to increase investor interest is brewing.