Post
Topic
Board Trading Discussion
Re: The best time to buy bitcoin.
by
hugeblack
on 04/02/2023, 18:56:39 UTC
And it's not a secret that bitcoin still didn't decouple from the NASDAQ so we should understand that if the economy goes down => bonds go down => bitcoin goes down too.
Do you have enough evidence to support your argument? There are a lot of claims about the link between Bitcoin and the Nasdaq but there is no clear link.
This chart is for past years and does not show any clear correlation.

And this is last year's chart, in which allegations of the link between Bitcoin and Nasdaq increased.


So there is no direct correlation, and it is true that Bitcoin is affected by global events, but not to the extent that there is a direct correlation.