Founder of Quantum Economics and market analyst Mati Greenspan, in a newsletter published on August 5, said digital assets once again operate independently from traditional markets.
- Greenspan pointed out that Bitcoin’s correlation with traditional market is now below 0.2, which is essentially uncorrelated
- Fed’s printing of money is causing assets to rise in value, according to him
- Greenspan believes that the bull market is back, just as the market is testing $12,000 levels
- Bitcoin recorded its highest correlation with the S&P 500 in late June and early July of 2020