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Bitcoin Breaks Tech Stocks Correlation: Will BTC Now Follow in Gold's Footsteps?

Bitcoin ETFs may be following gold’s boom-bust cycle, with IBIT’s pullback signaling a long recovery before the next record high.

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benzinga.comStai leggendo26 g fa

Bitcoin ETFs may be following gold’s boom-bust cycle, with IBIT’s pullback signaling a long recovery before the next record high.

Bloomberg ETF analyst Eric Balchunas compared IBIT’s short time above $100 billion with GLD’s precipitous rise in 2011.