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Bitcoin is leaving the traditional associations it had with traditional stock markets behind, a latest Citigroup analysis suggests. The virtual currency displayed uncharacteristic stability in latest episodes of financial shock, making experts reconsider incorporating it into investor portfolios.
Bitcoin Performs Better Than Major Stock Indexes Amid Uncertainty
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Bitcoin has outperformed both the S&P and EuroStoxx indexes on a volatility-adjusted basis, as reported by Citigroup analysts. Matthew Sigel, head of Digital Assets Research at VanEck, emphasized the report’s conclusions regarding Bitcoin’s consistent performance throughout major market events.
The digital currency has outperformed price expectations derived from macroeconomic variables by more than 10% since the beginning of March, indicating what could be a
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