Look at these made-up theories:
First, ppl say that Bitcoin is the best addition to the portfolio because of the low correlation to Equities.
Wrong!
Bitcoin has a much higher correlation to Equities than Commodities
Or, ppl talk that Bitcoin is an inflation hedge (i.e. it should go up really fast when Inflation is rising)
Wrong again!
Bitcoin price hates spiking CPI – see the chart below.
Nothing against any of the cryptocurrencies, but let’s be objective and honest with ourselves:
Cryptos were great investments only because they were growing really, really fast.
And nothing else…

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