🥇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?