Viewpoint: If the stock market continues to fall, Bitcoin may be further dragged into the economic crisis

Recently, Gabor Gurbacs, Director of Digital Asset Strategy at VanEck, released a report. The report pointed out that the correlation between Bitcoin and gold has been the main bright spot in 2020. Started. Although his account is supported by data, Arcane Crypto's Eric Wall questioned the data supporting this view. Wall said that VanEck's report pointed out that the relevant data may change with the frequency of data sampling; VanEck samples their data daily, but if the hourly data is checked, the results may be completely different. But he admitted that BTC is more relevant to gold. In addition, he said that the current problem is whether the traditional market has collapsed. At present, bitcoin has seen a relative rebound, but if the traditional stock market continues to fall, bitcoin may be further dragged into the economic crisis, and the rebound is bound to be invalid. But Bitcoin may also be decoupled from the crisis. Finally, Wall believes that Bitcoin will reach an all-time high in 2020.