06-17-2020, 01:39 PM
Current S&P Correlation Implies Bitcoin at $18K, Says Stock-to-Flow Creator
Bitcoin price could hit $18,000 if it continues to maintain its positive correlation with the S&P 500, says mysterious analyst PlanB. The creator of the popular stock-to-flow model highlighted a 95 percent r-squared correlation between the two assets. He added that the global central banks’ unprecedented quantitative easing policy serves as a basis of rallies […]
https://www.newsbtc.com/2020/06/17/curre...reatorKind Regards R
Bitcoin price could hit $18,000 if it continues to maintain its positive correlation with the S&P 500, says mysterious analyst PlanB. The creator of the popular stock-to-flow model highlighted a 95 percent r-squared correlation between the two assets. He added that the global central banks’ unprecedented quantitative easing policy serves as a basis of rallies […]
https://www.newsbtc.com/2020/06/17/curre...reatorKind Regards R