It's not a coincidence that Bitcoin is hitting highs at the same time as the stock market. Both are highly speculative at this point, and historically correlated.
From back in June, a prediction that Bitcoin would catch up with the S&P 500 based on the historical correlation:
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It's not a coincidence that Bitcoin is hitting highs at the same time as the stock market. Both are highly speculative at this point, and historically correlated.
From back in June, a prediction that Bitcoin would catch up with the S&P 500 based on the historical correlation:
https://cointelegraph.com/news/bitcoin-sp-500-correlation-me...