Recent events have undoubtedly solidified the store of value sentiment for bitcoin. Its price correlation with other safe havens such as gold can be quantified and that is extremely bullish for BTC.

Crypto asset venture capitalist Andrew Kang has been delving deeper into why bitcoin’s correlation to other stores of value is a good thing.
Bitcoin has never shown much correlation to gold or other SOVs. That is, until now. This is incredibly bullish for BTC.

Bitcoin has never shown much correlation to gold or other SOVs. That is, until now.
This is incredibly bullish for BTC.
Here’s Why 👇 pic.twitter.com/nyOI0Swkge
— Andrew Kang (@Rewkang) January 8, 2020

Bitcoin Market Reflexivity
This economic concept was popularized by the billionaire hedge fund manager George Soros. Kang’s take on this is that subjective beliefs of markets can influence their underlying fundamentals through increasingly stronger positive feedback loops.
In other words if we collectively believe bitcoin is a solid store of value and invest in that belief, it will…

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Source: https://thebitcoinnews.com/5-reasons-why-bitcoins-correlation-to-sovs-is-incredibly-bullish/