Bitcoin and stock market decoupling — it hasn't happened yet, but it will happen someday
Market participants have long pointed out that since there is a strong correlation between Bitcoin and technology stocks, Bitcoin is “just like a technology stock.” Bitcoin optimists, myself included, have always insisted on “decoupling,” where Bitcoin loses correlation with all assets and becomes an uncorrelated macro asset incorporated into every balanced portfolio. But that wasn't always the case
Related article: Bitcoin and stock market decoupling — it hasn't happened yet, but it will happen eventually [Opinion]
Daily market movements are influenced by the story. So what is a story unique to Bitcoin that doesn't exist in the stock market right now?
Donald Trump
Trump hasn't given a speech at a large-scale meeting on stocks this week. Mainstream investors aren't eagerly awaiting what Mr. Trump will say about NVIDIA. There is also no rumor that an announcement will be made that the NASDAQ 100 stocks will be used as strategic reserve assets.
However, Mr. Trump gave a speech at the Bitcoin Conference this weekend, and Bitcoin supporters are eagerly awaiting what Mr. Trump will say. Also, there are rumors that they will announce plans to use Bitcoin as a strategic reserve asset.
Related article: Trump's speech at the “Bitcoin Conference” at an important moment for crypto assets
If there are no other influential stories, it seems that Mr. Trump is separating Bitcoin from price movements in high-tech stocks. Mr. Trump is running for the US presidential election, and he is probably appropriate for the new title of “person responsible for Bitcoin decoupling.”
Regardless of what happens on the 27th, there is a possibility that Mr. Trump's speech will “sell at an event,” as predicted by some market analysts. Trump will say all kinds of things about Bitcoin in his speech, but no one knows what will happen.
Related article: Bitcoin profit confirmed, we should wait for Trump's speech on the 27th: Analysts
What is certain, however, is that his words will have a broad impact on the crypto asset market.
| Translation/Editing: CoinDesk JAPAN Editorial Department｜Image: Shutterstock | Original Text: Is Donald Trump Shares Bitcoin's Price From the Tech Stock Slide?
CoinDesk Japan Editorial Department
Related article: Bitcoin and stock market decoupling — it hasn't happened yet, but it will happen eventually [Opinion]
Daily market movements are influenced by the story. So what is a story unique to Bitcoin that doesn't exist in the stock market right now?
Donald Trump
Trump hasn't given a speech at a large-scale meeting on stocks this week. Mainstream investors aren't eagerly awaiting what Mr. Trump will say about NVIDIA. There is also no rumor that an announcement will be made that the NASDAQ 100 stocks will be used as strategic reserve assets.
However, Mr. Trump gave a speech at the Bitcoin Conference this weekend, and Bitcoin supporters are eagerly awaiting what Mr. Trump will say. Also, there are rumors that they will announce plans to use Bitcoin as a strategic reserve asset.
Related article: Trump's speech at the “Bitcoin Conference” at an important moment for crypto assets
If there are no other influential stories, it seems that Mr. Trump is separating Bitcoin from price movements in high-tech stocks. Mr. Trump is running for the US presidential election, and he is probably appropriate for the new title of “person responsible for Bitcoin decoupling.”
Regardless of what happens on the 27th, there is a possibility that Mr. Trump's speech will “sell at an event,” as predicted by some market analysts. Trump will say all kinds of things about Bitcoin in his speech, but no one knows what will happen.
Related article: Bitcoin profit confirmed, we should wait for Trump's speech on the 27th: Analysts
What is certain, however, is that his words will have a broad impact on the crypto asset market.
| Translation/Editing: CoinDesk JAPAN Editorial Department｜Image: Shutterstock | Original Text: Is Donald Trump Shares Bitcoin's Price From the Tech Stock Slide?
CoinDesk Japan Editorial Department
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