Political and economical uncertainty good for BITCOIN?

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Many people claiming that BITCOIN is beginning the "Mooning" phase these days, which I hope so too but I personally would be more assured on this if I would see a clear and sustained increase on volume accompanying the movement.
For the moment, it looks to me as it was a sort of "artificial" attempt of squeezing the altcoins in order to raise BTC price and get more attraction from outer investors.

However, there is one aspect that it is remarkable on all this move and it is the fact that BITCOIN is decoupling these days from the traditional Stocks markets.

I have had always the feeling, and lately the certainty, that BITCOIN was correlated with the stocks, more in particular since the start of the FUTURES in the cryptosphere, but these past few days are demonstrating that maybe BTC is not anymore behaving so related with them and perhaps it is more used as its intended use-case, a "Reserve/Store of Value".

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Last couple of days all markets have been moving downwards while BTC is doing exactly the opposite.
Again, this move seems mostly due to the sacrifice of the altcoins but, today, some of them seem also to start recovering behind of the wake of the crypto king...

By the way, seems that also GOLD price is following timidly the steps of BITCOIN as well...

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This looks to be the typical effect of investors uncertainty in front of the political and economical uncertainty that we have lately due to the pandemic and the USA elections.

Let's see.

@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.


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6 comments
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If BTC is going to get to 100,000 or more it better start moving... You're right though, there's not much volume and alts are being squeezed.

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Your friends are going to appear asking about, you will see ;-)

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I hope they do. I have a plethora of answers.

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