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Whether we want it or not. Crypto is heavily correlated with Stocks and that's better than being collerated with Gold.

All Cryptocurrencies

by COINS NEWS 147 Views

I think we all have rightfully noticed that the recent actions from Crypto basically mirror the Stock Market 1:1. Especially if you look it up from November on. Crypto and especially Bitcoin has followed the Stock market very closely, apart from some minor crypto-only events that happened.

Is that good? Bad? Don't know but it's certainly better than baking collerated with other assets such as gold. Eventhough Bitcoin has been seen as the digital gold I think not many would want Bitcoin to act like Gold any day. Gold has basically had zero movement over a decade. While in the decade it mostly declined. Even now it's up 7% and everyone is losing it. I don't think we want such a price-future for Crypto.

It's no secret that one day Crypto will just be too "heavy" to move and make 10x or so. It's both good and bad. But today is not the day yet, even if we are highly collerated with Stocks, we have way more upside left.

submitted by /u/partymsl
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