nickmitchko

nickmitchko Updated 

Despite our want to see BTC keep rising, to see stocks keep rising , a deep recession in imminent. Reasons The market is in a deep disconnect with the economy: Forbes Explains this Well. . If you believe the mean reversion theory, this disconnect had to end at some point. BTC is held by many traders and institutional investors as a risk-on asset....

nickmitchko Updated 

I don't post much here much, but was compelled by those who ignore the obvious macro trends that can tank push crypto once way or another. Let's get something straight, BTC is most certainly correlated with the S&P right now. It acts very much like gold. In an illiquid scenario, investors cover losses by selling any liquid assets (such as BTC) Anyways, I see...

nickmitchko

Bitcoin has come back into the news and the minds of many people. Over the past few months the bitcoin ecosystem has hit a few major milestones: Largest Combined Hash Rate. This is an indication of health of the ecosystem. Greater than $5k gain in spot price verses the USD Multiple US based exchanges operating With both the Basics of Economics and ...