Direct relationship between BTC and S&P 500

BITMEX:XBT   Bitcoin / U.S. Dollar Index
I m no expert on this but here is what I have found, Direct relationship between BTC and S&P 500


I think this phenomenon is well known, this is why many investors hedge using gold, not bitcoin.
Very interesting observation and two of them really look twin sister. S&P should be moving with corporate earning and that will be related to economy growth so Bitcoin is acting more like an speculative asset rather than a virtual currency or gold with the ability to hedge against inflation :)
maskios Yang358
@Yang358, exactly:)
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