Correlation between Bitcoin BTC and Nasdaq NDX
Bad news for diversification.
Bitcoin looks like not only a store of value but also a tech stock.
This means, when there is a recession "correlations going to 1" i.e. crypto is in trouble.
Bitcoin looks like not only a store of value but also a tech stock.
This means, when there is a recession "correlations going to 1" i.e. crypto is in trouble.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.