Crypto Analyst Willy Woo Explains Why Bitcoin Is Unlikely To See Any Catastrophic Dump In Price

Willy Woo explains that this is when Bitcoin became a “high-risk technology on a path to change the world,” rather than just a wild experiment. He then went on to describe how the relationship between the stock markets and Bitcoin developed through the pandemic and the subsequent lockdowns. “So then COVID hits, and everyone is risk off. High net worth players and funds adjust their models and assumptions; they sell off their risk.BTC dumps and for the first time establishes a high correlation to stocks, and traders currently trade to this self-fulfilling prophecy.” Ultimately, Willy Woo thinks Bitcoin will grow to a point where the risk will be diminished and Bitcoin will separate itself from the stock market once and for all. “At a certain point when ...