The decoupling is coming
The reason shitcoins have been rallying while bitcoin trends sideways is because right now it is a risk-on environment, as evidenced by stocks hitting all time highs.
If bitcoin was a risk asset it would also be rallying.
This might mean bitcoin is showing its first signs of shifting into the risk-off asset segment.
This is what bitcoin should be doing. In preparation for further economic turmoil through the rest of 2020 and into 2021 bitcoin is morphing into a safe haven risk-off asset.
As stock markets roll over later this year expect altcoins to fall alongside them while bitcoin rallies.
The decoupling is at hand.
Submitted July 20, 2020 at 07:26AM by slvbtc https://ift.tt/2CjAovq
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