Author and financial analyst, Timothy Peterson, believes that Bitcoin’s growing correlation to Japan’s MSCI could end badly if traditional markets sharply correct. Bitcoin Correlation in Japan’s Markets Timothy Peterson, the author of Metcalfe’s Law as a Model for Bitcoin’s Value, recently tweeted a chart comparing the MSCI Japan in USD to Bitcoin in JPY from July 2014 until July 2019. According to Peterson, “Either traders think $BTC is some sort of 10x leveraged Japanese techRead MoreThe post Bitcoin’s Correlation to Traditional Markets Could be Problematic, Analyst appeared first on Bitcoinist.com.
