Now Bitcoin is Surging, Will MSTR and MARA Benefit Further?
@nerdbull1669:
As we can see from the chart that Bitcoin rise from 16 oct to surge to more than $33,000. At the same time, we are also seeing some of the crypto stocks and other assets gaining. In this article I am trying to establish how MSTR and MARA would be correlated with Bitcoin as compared to Gold and S&P 500. We do understand that Bitcoin price is closely linked to several financial assets, but there are different reasons for its correlation with certain precious metals and stocks. Bitcoin’s historic correlations vary across timeframes According to a report published in October 2022 by the Multidisciplinary Digital Publishing Institute, they have arrived at several following key conclusions regarding Bitcoin’s correlations with traditional financial assets, including: The extreme volatilit