As lovely as all this looks, I might have to throw a wrench in the works. The normally close relationship between Bitcoin and the general stock market might be broken at the present time.
While normally, Bitcoin seems to be an indicator of the stockmarket's animal spirits, right now it might more so be an indicator of the hope that Trump is going to create a wonderful new Crypto world. So, the stock market could crash while Bitcoin stays high and mighty. Or Bitcoin might crash while SPY reaches new highs.
It's going to be exciting to see how this all plays out! And as they say, those who have a workable theory can more quickly understand what's going on in practice.
As lovely as all this looks, I might have to throw a wrench in the works. The normally close relationship between Bitcoin and the general stock market might be broken at the present time.
While normally, Bitcoin seems to be an indicator of the stockmarket's animal spirits, right now it might more so be an indicator of the hope that Trump is going to create a wonderful new Crypto world. So, the stock market could crash while Bitcoin stays high and mighty. Or Bitcoin might crash while SPY reaches new highs.
It's going to be exciting to see how this all plays out! And as they say, those who have a workable theory can more quickly understand what's going on in practice.
A fair point. Thanks for sharing!
thanks for the mention!
The relationship between SMH and GBTC is quite remarkable. Very good catch.
Here's something with numbers that are even more intoxicated: CAGR since 2016 104.74%, max drawdown -67.33%. Not to be taken seriously, of course.
https://tinyurl.com/5n75zutb
Thanks for the inspiration!