Crypto will become more correlated with the S&P 500
Published in
Dec 21, 2023
From my experience, western stocks are very correlated to the S&P 500 and when more stocks become digital assets, then digital assets and cryptocurrencies will be more correlated with the S&P 500.
In my opinion, if the S&P 500 is bullish, then crypto is bullish too and when the S&P 500 is bearish, the same is true for the crypto markets at least long-term.
(Cryptocurrencies / Digital assets follow -> Bitcoin follows -> S&P 500) Assets often follow the biggest one, the trend is your friend.