Opening Bell - Issue 36
Prepare for the week with key data points and trends in the digital asset marketplace.
Opening bell | Issue #36 report highlights:
Our analysis this week reveals strong similarities between Bitcoin and Gold ETFs in price progression relative to AuM, with Bitcoin showing slightly faster growth. Both exhibit high goodness of fit and a correlation of 0.9, suggesting closely aligned trends. While Gold starts higher, normalization highlights comparable behaviors. This alignment, alongside Bitcoin’s rapid adoption, suggests both may indeed belong to the same asset class as store-of-value assets despite markets not fully comprehending the possibility due to
the volatile swings in compression.
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