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Bitcoin is not an inflation hedge and its correlation with gold is near zero while its ties to the stock market are close to all-time highs, Bank of America says

Bitcoin is not an inflation hedge and its correlation with gold is near zero while its ties to the stock market are close to all-time highs, Bank of America says

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Meanwhile, the price of bitcoin and its correlation with the stock market has hit all-time highs, Bank of America analysts said in a note.

...read full article on Business Insider

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