According to Cointelegraph on July 13, Alex Alexhausen, CEO of cryptocurrency trading platform StormGain, said that currently the correlation between Bitcoin price and the S&P 500 index is 66%, but we must bear in mind that this is during a bull market. If prices of traditional assets such as stocks fall due to a second wave of the COVID-19 pandemic, investors will likely turn more actively to safe-haven assets like gold and Bitcoin.
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