don't hear much about it anymore. So I don't know how those two communities mix, but how has that overall community dealt with or interpreted what's been going on in the broader economy these days? Well, the probably number one thing that's happened is this feature of Bitcoin that was the case historically is not the case today and it's caused a lot of anxiety and gnashing of teeth and that's, I'm referring to the correlation between Bitcoin and traditional financial assets. So from 2010 when Bitcoin first got a market price to January 2020, Bitcoin was completely uncorrelated from virtually any financial asset you can think of in terms of its return profile. And its correlation with the S&P 500 never entered any meaningful positive zone. And that was touted as a really great attribute to have. It's like, oh, maybe this thing is a really powerful portfolio diversifier. However, in mid-March when there was this rush to liquidity, there was this really sudden sell-off in financial (13/97)
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