The easy fact about Bitcoin value correlation in 2020 | Fintech Zoom

Bitcoin has many faces. To some, it’s a vessel for hypothesis and funding. For others, it’s a censorship-resistant medium of trade freed from remittance controls when sending cash residence. 

However at its coronary heart, Bitcoin may greatest be described as a substitute financial system that gives individuals financial independence.

And it’s this view of Bitcoin that drives the narrative that the cryptocurrency capabilities as a hedge asset—digital gold constructed to climate the turmoil of worldwide financial crises.

That narrative, first solid in the course of the 2008 monetary disaster from which Bitcoin was born, is now being put to the check. 

However following the market crash on March 12 ensuing from the coronavirus pandemic, Bitcoin’s value hasn’t precisely been chopping towards the grain. Like most all main belongings, Bitcoin is clinging to the chart actions of every part round it.

Correlations and causations

Certainly, Bitcoin’s correlation with…