If you believe we're heading into another stock market collapse, then that's probably where Bitcoin's heading too. If you think stocks will recover strongly, then Bitcoin is likely to benefit.
The really exciting moment would be a break in this correlation, as stocks start to head one way and Bitcoin the other. That would strongly suggest a major new headwind for Bitcoin (not necessarily an upward one though!) as it would show Bitcoin traders forming a strong collective conviction for whichever direction they ultimately choose.
Published by Harriman House.
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