Disclaimer:

Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Thursday, July 6, 2023

Bitcoin's Correlation With The USD

 


Bitcoin is usually negatively correlated with the USD exchange rate with other leading 💲💵 currencies.


Year to date, with interruptions, this seems to be the case. Sooner, rather tha later this Bitcoin/USD correlation will break down.

Bitcoin is at the moment, along the edges rivalling the USD.

Soon Bitcoin will take a larger market share from the United States Dollar is Wolfteam Ltd.'s corporate opinion.

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