Expert Expects Bitcoin “Decoupling” From Stocks But Not For The Reason You Think

Expert Expects Bitcoin “Decoupling” From Stocks But Not For The Reason You Think

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BTCUSD Weekly Long-Term Adoption Curve | Source: TradingView

— Willy Woo (@woonomic) September 24, 2020

Uncanny Crypto Market Correlation Stocks Remains High, But Will This Soon Change?

The crypto market is at a pivotal junction, no longer bearish, but not quite out of the bear market confirmed with new all-time highs. The asset class appeared well on its way to such heights early on in 2020, but the stock market collapse took Bitcoin, Ethereum, and the rest of the rapidly rising assets down with them.
Bitcoin expert Willy Woo, known especially throughout the crypto community for developing a number of fundamental analysis tools, such as the NVT ratio, and more, believes that any day now, the crypto asset “will decouple from traditional markets” like stocks, gold, and more.
Fundamentals of user adoption have already broken all time highs. One Bitcoin expert, however, expects the cryptocurrency to soon “decouple” from traditional markets, but its likely not for the reasons you would otherwise expect. Here’s why the crypto market could soon get back to its once uncorrelated relationship with the stock market.