Am I the only on who thinks that Bitcoin price movements have changed in the more recent months and now more closely resemble that of the stock market (positive correlation)?
Based on what I remember, the early Bitcoin was priced more like a hedge against corrections in the stock market.
If my observation is correct, what does it mean for Bitcoin in a coming stock market crash? Will it go down with the market as well, because the BTC market is now dominated by Wall Street investors?
What are your observations and thoughts regarding the development and possible predictions of the correlation between stock markets and Bitcoin?
I was thinking the same thing ,, with the start of increasing users and new users use bitcoin as a stock that is very easy to trade .. maybe this is the trigger factor of bitcoin price movements such as stock market