Correlation between stocks and bitcoins??
Recently, $Nikkei 225(.N225.JP$ The high price after the burst of the bubble was updated. On the other hand $S&P 500 Index(.SPX.US$ has made a double top, and the future direction of clouds is slightly suspicious.
Bitcoin was highly correlated with stocks during the monetary easing market in 2020.
In particular, the correlation with the NASDAQ Composite Index 100 was strong, and there was also a correlation coefficient of 0.9 which is said to be better if it is close to 1.
From 2023, the correlation with stocks will fade, and I think prices will fluctuate independently.
The price movement for half a year is also in the form of Bitcoin outperforming, as shown above.
However, with the advent of Bitcoin ETFs, etc., I think the correlation with stocks will become stronger in the future.
If that happens, I think the New York market will move down when it falls. It's difficult because the factors of price movements increase 😢
Currently, the stock market is booming mainly in Asia, so don't worry, but if the Nikkei Average or the like collapses, I think the market will become dangerous.
✅ Don't let your guard down
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