Ecency
Threespeak
BTC Performance Strongly Linked to Stock Market (95% R2) - Why That's a Big Deal

BTC Performance Strongly Linked to Stock Market (95% R2) - Why That's a Big Deal

louisthomas(76)

Published in

Threespeak

Words

Reading

0 min

Listen

Play

2020-06-23 19:25

Plan B has recently shared some data demonstrating there's a strong correlative relationship (95% R2) between the performance of Bitcoin and the US Stock Market (S&P 500).

What does this mean exactly? Is this good for Bitcoin, or does it destroy the narrative of being an uncorrelated asset?

And what are the implications of this for us as Bitcoin and cryptocurrency investors? Let's take a look!

🧠 FREE CRASH COURSE - Learn to securely buy, store and sell cryptocurrencies:

https://louis-thomas.teachable.com/p/buying-bitcoin-crash-course

🧠 Want to get smart about crypto investing? Download my brain here:

https://louisthomas.co.uk/download-my-brain/

▶️ 3Speak

cryptocurrency

bitcoin

investing

blockchain

2020-06-23 19:25

louisthomas(76)

via 3speak

This post was published via 3speak. Ecency is not the originator or editor of this content and displays it for discovery purposes only.

$ 7.261

MSTR's BTC position swings to a $12B Lossbluerobo · 2 months ago

Franklin Templeton’s New DRIP ETFs: A Game-Changer Merging Dividends with Bitcoin?kyawkyawwin2026 · 2 months ago

From @louisthomas

The Bounce is Here - Now What?louisthomas · 5 years ago

How Much Potential Downside for Bitcoin Here?louisthomas · 5 years ago

Buy Here or Wait for Lower Prices? | Crypto Strategy February 2022louisthomas · 5 years ago

Bitcoin is in Trouble Until THIS Changeslouisthomas ·

In Threespeak

The New 3Speak Frontend Is Now Live!threespeak · 7 months ago .wehmoen · 6 years ago Hive: A World We Build Togetherrzc24-nftbbg · 2 hours ago

A dónde vasjoanmoncada7 · 5 hours ago

BTC Performance Strongly Linked to Stock Market (95% R2) - Why That... | Ecency