Beyond Bitcoin Ep 66 —Bitcoin Correlations, BTC in 2023, and contrarian investing — Join Jamie Coutts CMT, CFTe, Senior Market Analyst from Bloomberg Intelligence and Mark O. Witten, CFA and Co-Founder of Portal Asset Management to discuss the year in review and the welcome arrival of 2023.
On a show called Beyond Bitcoin we discuss Bitcoin as the bell weather to the sector and consider the technicals driving it. Right now many of these are pointing to BTC being oversold and comparing it to the same signals in early 2019 when it was just US$5,000. However, BTC’s correlation to NASDAQ and macroeconomic conditions still plays a major role in its price direction. Join us today to discuss the somewhat more positive views for BTC investment and consider the advanced movements of institutional investment in an asset class still in its embryonic years