Decoupling ahead? Bitcoin and Ethereum may finally snap their 36-month correlation
July 22, 2021. Summarized by summa-bot.
Compression ratio: 17.7%. 1 min read.
Bitcoin and Ethereum have been trading nearly in sync since 2018.
Anish revealed that he had allocated about 80% of his investment portfolio to Bitcoin (BTC) and Ether (ETH) with the rest of his capital distributed across Polygon, Dogecoin (DOGE), and Chainlink (LINK).
His crypto-only investment netted him great profits, the numbers of which Anish declined to reveal.
In his comments to Cointelegraph, the executive said that traders utilize their initial gains in the top two cryptocurrency markets to invest in mid and lower-cap digital assets, citing rallies in Dogecoin and across non-fungible token projects.
Additionally, Peters advised traders and investors to counterbalance their crypto investments risks by allocating a good portion of their capital in traditional financial instruments, including stocks, commodities, and fixed-income securities/funds.
"If business picks up again after a full economy reopening, I'm planning to invest consistently across Bitcoin, Ethereum, gold, and mutual funds," he noted.