Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Part of your problema philip is that you don't seem to understand dee cornz very well.
Epic Facepalm.
Dee cornz are already decoupled - even if we have these periods of correlation, that seem to confuse people.. including but not limited to ur lil selfie.
Won't be decoupled until its no longer an institutional investment... pretty simple really. I've never understood the steadfast denial of correlation by those who wish to pretend corn exists in its own economic bubble. It does not.
Here's some basic reading for ur lil selfie, let's see if it will make a dent in your stone head.
Quote
As Bitcoin morphed into an asset class, more interest was created. Brokerages and institutions gained traction with regulators and offered investment opportunities like Bitcoin-linked ETFs and 401(k)s that allowed investors to place Bitcoin in them.
Because institutions were providing familiar instruments, investors appeared to become more comfortable with cryptocurrencies.
In late 2021 and into mid-2022, cryptocurrency prices rose and fell similarly to equity prices. The chart below shows Bitcoin's (BTC) price compared to the S&P 500 (SPX) and the Nasdaq 100 (NDX).
Because institutions were providing familiar instruments, investors appeared to become more comfortable with cryptocurrencies.
In late 2021 and into mid-2022, cryptocurrency prices rose and fell similarly to equity prices. The chart below shows Bitcoin's (BTC) price compared to the S&P 500 (SPX) and the Nasdaq 100 (NDX).
"Ah but its not correlated 100% of the time."
Correct. Regardless, correlation is correlation.