Despite that volatility, Anthony Pompliano, the co-founder of Morgan Creek Digital, thinks that Bitcoin has broken away from its correlation with the stock market and is now a safe haven for investors. Mike Novogratz agrees. He sees Bitcoin as a kind of digital gold: a good way to store value but not something that will function as a currency in the next five years. That opportunity, though, may only be available for Bitcoin. Altcoins are doing less well; Ethereum, for example, has been looking relatively weak despite Bitcoin’s growing strength.
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Source: Cryptocurrency - investing.com
