BTC Performance Strongly Linked to Stock Market (95% R2) - Why That's a Big Deal

4

louisthomas

Published on Jun 23, 2020
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Plan B has recently shared some data demonstrating there's a strong correlative relationship (95% R2) between the performance of Bitcoin and the US Stock Market (S&P 500).

What does this mean exactly? Is this good for Bitcoin, or does it destroy the narrative of being an uncorrelated asset?

And what are the implications of this for us as Bitcoin and cryptocurrency investors? Let's take a look!

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cryptocurrency bitcoin investing blockchain

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