Since 20th December 2022 up until now the stock market has risen, Bitcoin and crypto also rose along.
However, in the last 5-10 trading days, Bitcoin's price is rising, while the Nasdaq Composite Index, especially is falling.
This speaks in favour a theory/opinion I expressed on this blog previously that Bitcoin and cryptocurrencies investing could actually prove a good diversifier for equities investing. In the last trailing calendar mont for example, Bitcoin's price in USD is up 5.77 %, while the Nasdaq Composite rose 1.13 % in the same time span.
Until now, Bitcoin and crypto's prices fell or rose when the Nasdaq Composite fell or rose respectively. Bitcoin seemed like a leveraged play on the Nasdaq or technology stocks in general.
However, as fas as I am concern crypto and especially its bedrock Bitcoin has an idiosyncratic competitive advantage over tech stocks.
Bitcoin is fin-tech itself. Bitcoin could prove USD 2.0. Bitcoin could become a 100 % fully effective means of exchange, store of value and unit of account or money in 100 % of its functions.
Bitcoin, I think is the greatest financial innovation since money transfers. This may sound exaggerated, but what Bitcoin provides is freedom -> independent, distributed, unsupervised validation, which makes both financial and production manufacturing processes more efficient.
Yes, crypto is a libertarian idea, a freedom concept. But that is why it could actually work, I think.
And change the world. For the better.
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