Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Investment against inflation
by
XZERO1
on 30/08/2022, 14:55:27 UTC
Well, unfortunately that did not last long.

Bitcoin now more than anything else is following US/China stock market almost candle by candle.

Actually this strong correlation between Bitcoin and stock market started in the first few months after Covid hit, around March 2020 when a big dump and fast recovery pump took place happened across both US stocks and Bitcoin which then brought us the bull market.

Unfortunately now that inflation is not at its best Bitcoin still is following stock market and SPX chart closely, but I'm hoping for a decoupling from stock market at some point.