Bitcoin's price correlation with US stocks and gold has recently deviated, according to crypto analyst Plan B. Historically, such deviations have preceded significant price increases for Bitcoin, including a tenfold rise when Bitcoin was under $1,000. However, Plan B cautions that correlation is not absolute and current market conditions may differ. Analyst Willy Woo added that past events like the Mt. Gox theft and the block size debate significantly impacted Bitcoin prices, raising questions about whether quantum computing could pose a similar challenge.
Bitcoin's Diverging Correlation with Stocks and Gold Sparks Speculation
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