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Bitcoin’s High Correlation to Copper Does Not Bode Well for Short-Term Investors

Bitcoin now more tightly aligns with the commodity than the S&P 500 or Nasdaq. For long-term accumulators, however, this is likely their season.

Bitcoin is now correlating more closely to copper than the S&P 500. (Toby Christopher/Unsplash)
Bitcoin is now correlating more closely to copper than the S&P 500. (Toby Christopher/Unsplash)