I see there is a strong correlation between SPY and Bitcoin prices. BTC has a higher beta, however. Whenever SPY tanks, BTC tanks twiiiiiice as hard, (as it was the first time, I said good byeeee)
In March, BTC dropped from $10k to $5k. I am calling for another BitCoin wipeout when the market crashes.
But it will also recover 3 times as fast. That is what markets do. they crash they recover. They have bear or bull trends. If you hold and not trade you end up with exactly the same number of coins no matter what happens.