Not at all. Is it exactly the same? However, I still think that with stocks issued by Wall Street firms, the supply is unlimited, with BTC and better alt-coins, the supply is scarce. I do hope the two are very much different as I am betting that the crypto market will rise in due time.
yea but the question is when does btc fishtail break away from the stock markets..
maybe when people stop trading btc for usd? or when tether is backed by gold?
I dunno...
Actually, I really don't think it's about the correlation between S&P and BTC. The main correlation for days like these is, how long will the FED have the power to bust BTC using futures on the CME. Until then, BTC is rather fucked.
Not at all. Is it exactly the same? However, I still think that with stocks issued by Wall Street firms, the supply is unlimited, with BTC and better alt-coins, the supply is scarce. I do hope the two are very much different as I am betting that the crypto market will rise in due time.
yea but the question is when does btc fishtail break away from the stock markets..
maybe when people stop trading btc for usd? or when tether is backed by gold?
I dunno...
Actually, I really don't think it's about the correlation between S&P and BTC. The main correlation for days like these is, how long will the FED have the power to bust BTC using futures on the CME. Until then, BTC is rather fucked.