We all saw it in March everything crashed stocks, bitcoin gold, everything. Some fools think that if the stock market dumps again that Bitcoin will go with it. They are wrong. 2 days ago when Bitcoin broke above $12k, somebody bought 17k BTC off coinbase and moved them into their own wallet. It wasn't Grayscale and it wasn't Microstrategy, it was a different whale. And when bitcoin came back down under $12k yesterday, someone bough another 3k BTC and moved them off the exchange.
The supply accross exchanges found on public wallet trackers is 1,787,873 BTC. At this rate the supply on exchanges will continue to drop and the halvening magic will do the trick it does every 4 years.
This time people will sell their stocks and transfer money to bitcoin exchanges. Stock go down. Bitcoin goes up
Obviously I will like this scenario to happen but when do you think we will see something like that? Because after the crash that we saw the stock market has recovered really quickly as well in the same way that bitcoin has done so, which push the theory that the stock market and bitcoin are correlated even further, which means that as of right now it is more possible that if the stock market crashes then bitcoin will crash with it as well.