“Bitcoin (BTC) may soon ‘decouple’ from traditional assets, says statistician Willy Woo as a key gold relationship breaks out of a long-term downtrend.
“In a tweet on Sep. 25, Woo forecast that Bitcoin would act like a successful startup in accruing new interest and going its own way.
“Adoption, he argued, would follow a classic S-curve pattern, much in the same way that a startup grows. This would take precedence over investors looking for a hedge against other assets.
“’Bitcoin will decouple from traditional markets soon, but driven by its internal adoption s-curve (think startup style growth) rather than changes in perceptions as a hedging instrument by traditional investors,’ Woo wrote.
‘Fundamentals of user adoption have already broken all time highs.’