{"id":97784,"date":"2020-10-26T17:02:26","date_gmt":"2020-10-26T14:02:26","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/market-is-proving-bitcoin-is-ultimate-safe-haven-anthony-pompliano\/"},"modified":"2020-10-26T17:02:26","modified_gmt":"2020-10-26T14:02:26","slug":"market-is-proving-bitcoin-is-ultimate-safe-haven-anthony-pompliano","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/market-is-proving-bitcoin-is-ultimate-safe-haven-anthony-pompliano\/","title":{"rendered":"# Market is proving Bitcoin is \u2018ultimate safe haven\u2019 \u2014 Anthony Pompliano"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a26bb698a526\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a26bb698a526\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/market-is-proving-bitcoin-is-ultimate-safe-haven-anthony-pompliano\/#Pomp_on_safe_haven_Bitcoin_%E2%80%9CThe_market_is_proving_it%E2%80%9D\" >Pomp on safe haven Bitcoin: \u201cThe market is proving it\u201d<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/market-is-proving-bitcoin-is-ultimate-safe-haven-anthony-pompliano\/#No_more_correlation\" >No more correlation?<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Market is proving Bitcoin is \u2018ultimate safe haven\u2019 \u2014 Anthony Pompliano <\/strong>&#8221;<\/p>\n<div data-v-5a136f3a=\"\">Bitcoin (BTC) \u201ccould not be more uncorrelated\u201d with the stock market, Anthony Pompliano says as data shows that BTC is leaving macro assets behind.<\/p>\n<p>In a <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/APompliano\/status\/1320704578443247617\">series of tweets<\/a> on Oct. 26, the Morgan Creek Digital co-founder, also known as \u201cPomp,\u201d took critics to task over their accusations that Bitcoin was a poor store of value.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Pomp_on_safe_haven_Bitcoin_%E2%80%9CThe_market_is_proving_it%E2%80%9D\"><\/span>Pomp on safe haven Bitcoin: \u201cThe market is proving it\u201d<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Pompliano uploaded a chart from behavior analysis platform Santiment, which showed Bitcoin hitting 0 for 30-day correlation with the S&amp;P 500.<\/p>\n<p>\u201cIt could not be more uncorrelated than it is right now,\u201d he added in comments. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.eu-central-1.amazonaws.com\/s3.cointelegraph.com\/uploads\/2020-10\/4719d8e1-539d-4c85-b9a3-2a1b90bf83f8.jpeg\"\/><\/figure>\n<p><em>Bitcoin vs. S&amp;P 500 rolling correlation chart. Source: Anthony Pompliano\/ <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/p>\n<p>Continuing, Pompliano highlighted Bitcoin beating macro asset returns since the Coronavirus crash in March this year.<\/p>\n<p>\u201cSo how did Bitcoin do during an economic downturn? It outperformed stocks, bonds, gold, oil, and pretty much everything else. It also has a low to no correlation over any material amount of time,\u201d he summarized. <\/p>\n<blockquote><p>\u201cBitcoin is the ultimate safe haven &amp; the market is proving it.\u201d<\/p><\/blockquote>\n<p>Circling $13,150, BTC\/USD has offered investors year-to-date returns of 83%, versus 24% for gold and 6% for the S&amp;P 500, data from on-chain monitoring resource Skew confirms.<\/p>\n<p>For Pompliano, previous correlation between Bitcoin and these assets was merely a short-term phenomenon induced by the March events.<\/p>\n<p>\u201cDuring liquidity crises, all asset correlations trend towards 1. This was temporary thing &amp; h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ened to gold, stocks, etc.,\u201d he wrote.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.eu-central-1.amazonaws.com\/s3.cointelegraph.com\/uploads\/2020-10\/a02d0d6d-ee81-4937-aae5-fa431064e6a3.png\"\/><\/figure>\n<p><em>Bitcoin vs. macro asset performance. Source: Skew<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"No_more_correlation\"><\/span>No more correlation?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As Cointelegraph reported, a consensus has been building that Bitcoin is not only abandoning its correlation with stocks and others but that this will be a definitive watershed which will not be reversed.<\/p>\n<p>Among those promoting the idea is Willy Woo, the statistician and creator of data resource Woobull, who continues to double down on Bitcoin striking out on its own sooner rather than later.<\/p>\n<p>\u201cThe decoupling is upon us,\u201d he <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/woonomic\/status\/1318556577469763585\">tweeted<\/a> last week. <\/p>\n<blockquote><p>\u201cMakes sense that BTC will continue to be correlated in short timeframe trading; but not in the longer timeframes. BTC is a safehaven, just that \u2018risk-on\u2019 (meaning it&#8217;s very new) is skewing this fact.\u201d<\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"\/><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-decoupling-from-stocks-as-ultimate-safe-haven-anthony-pompliano\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Market is proving Bitcoin is \u2018ultimate safe haven\u2019 \u2014 Anthony Pompliano &#8221; Bitcoin (BTC) \u201ccould not be more uncorrelated\u201d with the stock market, Anthony Pompliano says as data shows that BTC is leaving macro assets behind. In a series of tweets on Oct. 26, the Morgan Creek Digital co-founder, also known as \u201cPomp,\u201d took&#8230;<\/p>\n","protected":false},"author":1,"featured_media":97785,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.eu-central-1.amazonaws.com\/s3.cointelegraph.com\/uploads\/2020-10\/d4326c72-7b91-4d9c-a86b-ac6e0fd710b8.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785,70359],"class_list":["post-97784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/97784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=97784"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/97784\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/97785"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=97784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=97784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=97784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}