Here, on this blog, as evidenced in numerous blog posts, I have expressed the opinion/forecast/opined that is only a matter of time, before the close to one correlation between Bitcoin, cryptocurrencies' prices and stocks breaks down.
Bitcoin and cryptocurrencies' prices rise, while stocks' prices fall, I meant and posted here.
This is exactly what happened in the last trading week after the fallout, de facto insolvency and later forced government administration of Silicon Valley Bank, later Signature Bank and most recently First Republic Bank.
The stocks prices of both Wall Street Banks and regional banks fell, while Bitcoin and cryptocurrencies' prices fell.
In my view, this could prove a pivotal, breakthrough moment in crypto, which is modern day fintech and Bitcoin's slow progress to become a global electronic reserve currency.
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