Wall Street analyst says bitcoin and stocks aren't correlated
Nick Colas, the first Wall Street analyst to cover Bitcoin, recently spoke to CNBC about the flagship cryptocurrency and its correlation with the stock market. According to Colas, there used to be a type of correlation between the two and it seems to now have broken off.
As such, the biggest way we can see bitcoin's price grow now is by the amount of people looking at bitcoin through Google and other search engines, and the amount of people creating bitcoin wallets. This essentially means Bitcoin itself is now becoming an independent currency forming its own independent economy. The revolution is happening!