🥇DID YOU KNOW THAT BITCOIN IS INFLUENCED BY THE AMERICAN MARKETS?
Hello, I am 27 years old,
I am a professional and I wrote a paper
where I was able to realize some
relationships between the most representative markets:
🤑In periods of high volatility, bitcoin has a positive correlation with SPX, NASDAQ, and Dow Jones.
🥶In periods of low volatility and calm in the markets, there is little to no correlation of BTC with the mentioned indices.
🎅Bitcoin is generally seen as a speculative asset, but it is evident that it is also used as a reserve asset.
🤝The R^2 that these relationships reach is approximately 8% for the investigated periods (2022-2024).
🤙I will read you in the comments:
How do you use BTC?
Do you trust American stock indices?
