Bitcoin goes up and down like the market. Like 90% correlation.
Sauce?
https://decrypt.co/63468/is-bitcoin-price-correlated-to-stock-market
"Although we can say that Bitcoin has been generally positively correlated with the stock market in recent years, it's not a very high correlation. In fact, Bitcoin is more correlated with gold — another safe-haven asset."
https://www.marketwatch.com/story/i...ions-higherand-lowerthan-coinbase-11622826320
"The crypto asset certainly has a low correlation with stocks, as represented by the S&P 500 index"




