Willy Woo: Signs that BTC is decoupling supports its 'safe haven' status

Cointelegraph

Published Oct 29, 2020 11:34PM ET

Updated Oct 31, 2020 01:40AM ET

Bitcoin (BTC) has started to decouple from the U.S. stock market index S&P 500 according to crypto statistician Willy Woo.

Predicting this behavior in late September, he asserted that Bitcoin will break ties with traditional markets due to an influx of new users:

Bitcoin’s NVT Price hits ATH. Source: Willy Woo

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