Mati Greenspan: Bitcoin and S&P 500 Now Uncorrelated

Mati Greenspan: Bitcoin and S&P 500 Now Uncorrelated

By Abhi K | News | 6 Aug 2020


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

Abhi K
Abhi K

Technophile, cryptocurrency enthusiast and journalist.


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