News for hackers. Stuff that matters.

A comment on Cambridge Bitcoin Electricity Consumption Index. Parent comment

Re:Cambridge Bitcoin Electricity Consumption Index by robjan on Wednesday February 10, 2021 @10:52AM (#26090796)
Bitcoin is not counter-correlated. When the stock market corrected last year, bitcoin also crashed.
[ Parent | on HN ]
Re:Cambridge Bitcoin Electricity Consumption Index by hntrader on Wednesday February 10, 2021 @07:09PM (#26096582)
That's only because of fund degrossing. The idea that it's a safe haven for a near-world ending event (but not so disastrous as to wipe out all miners), is still valid
[ Parent | on HN ]