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Fidelity says "there is almost no relationship between the returns of Bitcoin and other assets"

Published 10/13/2020, 04:59 PM
Updated 10/13/2020, 06:40 PM
Fidelity says

In recent years, a battle of the minds has surfaced on whether or not Bitcoin’s price is correlated with other financial assets, such as stocks. A recent report from Fidelity Digital Assets brings clarity to the argument.

Fidelity’s lengthy report, titled Bitcoin Investment Thesis: Bitcoin’s Role As An Alternative Investment, shows not only a lack of correlation between Bitcoin’s price and mainstream financial assets, but higher returns for BTC investors over a long-term time horizon.

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