Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Investment against inflation
by
spiker777
on 04/09/2022, 07:46:54 UTC
not just that resturent owner but everyone who invested and holded bitcoin back then is in huge profit. but that's an inspiring story to be shared with new people want to come in bitcoin but are afraid to do so for some reasons.

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 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.
yeah bitcoin is also hit hard but it is still better than stock and fiat.