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Exchange CEO Explains Bitcoin Exploring Uncorrelated Price Action

Source Node: https://cointelegraph.com/news/exchange-ceo-explains-bitcoin-exploring-uncorrelated-price-action
Time Stamp: April 9, 2020 1:14 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin’s price initially dumped alongside the mainstream markets, but now looks to be exploring its own route. “When the stock markets crashed, Bitcoin crashed,” AAX crypto exchange CEO Thor Chan told Cointelegraph. “It appeared that they were correlated,” he posited, adding:“However, the previous plunge of Bitcoin together with traditional financial markets is due to a liquidity problem. People dump whatever they can in any market. This is very extreme and rare because even the ‘safe haven’ assets dropped. Soon after, the liquidity became ‘normal’ again, we’ve seen Bitcoin’s price is discovering

‘Rich Dad Poor Dad’ Author Says Gold, Silver, and Bitcoin Lie Outside the System

Source Node: https://cointelegraph.com/news/rich-dad-poor-dad-author-says-gold-silver-and-bitcoin-lie-outside-the-system
Time Stamp: April 8, 2020 9:06 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Millionaire businessman and author of the book Rich Dad Poor Dad, Robert Kiyosaki, mentioned Bitcoin (BTC) numerous times in a podcast interview with Morgan Creek Digital co-founder, Anthony Pompliano, referring to the asset as an escape.“The reason I endorse Bitcoin is because is just for one frickin reason — you’re not part of the system,” Kiyosaki said. “It’s a separation of government and my money,” he laughingly added, quoting sentiment Pompliano has expressed many times.   Uncertain times can spurr flight to safetyThroughout the interview, Kiyosaki riffed on many concepts through the