Photo by Jack Taylor 2018 Getty ImagesAs highlighted a few days ago in this article: Altcoins will rocket when bitcoin is strong. Credit: ADVFNThis event has left lots of people flummoxed, but the answer to why this can happen is “beta.” Beta is a measure of volatility. Markets always want to personify moves and so in this case the move in Bitcoin SV (BSV) has come into focus, the idea presumably being that the unlocking of a huge chunk of bitcoin would lead to them being sold and the proceeds invested in bitcoin SV, thus pushing the price of bitcoin SV towards the hugely higher levels of bitcoin. Another idea for the move is that bitcoin SV is about to get a technical upgrade. If bitcoin continues its ascent then the high beta altcoins will outperform on the way up as they will underperform on the way down.

Source: Forbes January 15, 2020 19:52 UTC