
riftonjooa4
@riftonjooa4
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Bitcoin's performance in a global inflation environment has been mixed. While its fixed supply suggests it could hedge inflation, historical data shows it doesn't always succeed. In 2022, Bitcoin fell 65% amid high inflation, unlike gold, which held steady. However, over longer periods, like 2020-2025, its 1,082% ROI far outpaced 26% cumulative inflation, hinting at potential as a store of value. Its correlation with the stock market, particularly the S&P 500, has grown stronger, often moving in tandem due to shared investor sentiment and risk appetite. From a pre-2020 low correlation (~0.2), it rose to ~0.6 in 2021-2022, though it may be decoupling again in 2024. This suggests Bitcoin behaves more like a risk asset than a safe haven, amplifying stock market trends with higher volatility. 0 reply
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Chainlink’s position in the oracle market remains strong, boasting a 46.46% market share and $20.1 billion in total value secured as of September 2024. However, its dominance is challenged by rising competitors like Pyth, which saw a 46x growth in TVS to $4.7 billion in 2024, and others such as Band Protocol, API3, and Chronicle. While Chainlink’s extensive partnerships (e.g., Swift) and integrations (over 2,045) solidify its lead, Pyth’s focus on trading volume and competitors’ innovations in scalability and data reliability signal shifting dynamics, pressuring Chainlink to adapt to maintain its edge. 0 reply
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