On Tuesday, Coinshares Investment strategist James Butterfill published a report which shows that bitcoin is a unique asset, but is “largely uncorrelated to other asset classes” like commodities and traditional stocks.

Coinshares Investment strategist James Butterfill published a new report on August 18 that shows bitcoin (BTC) is establishing itself as an investment store of value. Butterfill’s report notes that BTC is “less correlated to the economic cycle” and the crypto asset is uncorrelated to other asset classes in the investment world.

Report: Bitcoin Untied from the Economic Cycle, 'Largely Uncorrelated to Other Asset Classes'

One of the trends highlighted is how investors holding BTC for one year or longer jumped from 30% in 2012 to 60% in 2020. Butterfill writes that Coinshares researchers “believe this trend of investor participation is likely to continue.”

Report: Bitcoin Untied from the Economic Cycle, 'Largely Uncorrelated to Other Asset Classes'

“Since its creation following the financial crash in 2008, Bitcoin has seen meteoric – and volatile – growth,” the Coinshares report called “Bitcoin – In a Class of its Own” states.

“Many attempts have been made at boxing in bitcoin into the pre-existing…

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Source: https://news.bitcoin.com/report-bitcoin-untied-from-the-economic-cycle-largely-uncorrelated-to-other-asset-classes/