In the period from July to September, the price of Bitcoin (CRYPTO: BTC) soared from $60,000 to $87,000, a gain of 45%. In October, though, Bitcoin is down 2% with just a week to go.
The primary culprit appears to be soaring oil prices. As long as the price of oil hovers around $100, the price of Bitcoin remains stuck.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »
That shouldn’t be happening, though. Historically, Bitcoin has been uncorrelated with any major asset class. So…







