Geopolitical tension dominated world headlines in the past week, and Bitcoin price action has shown a strong correlation with the price of gold. This correlation supports the store of value narrative for Bitcoin, which seems to be acting as a safe haven asset during turbulent times.While most of the innovation in the space is now happening outside of Bitcoin, BTC remains well-positioned to benefit from macro tailwinds and cryptocurrency innovations outside of Bitcoin that bring new people to the space.
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1confirmation Newsletter - Issue #75
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Geopolitical tension dominated world headlines in the past week, and Bitcoin price action has shown a strong correlation with the price of gold. This correlation supports the store of value narrative for Bitcoin, which seems to be acting as a safe haven asset during turbulent times.While most of the innovation in the space is now happening outside of Bitcoin, BTC remains well-positioned to benefit from macro tailwinds and cryptocurrency innovations outside of Bitcoin that bring new people to the space.