April 19th, 2023
Bitcoin has traded closer with Gold than US stock indices since the collapse of SVB & introduction of BTFP
Chart of the Day
Published in
Apr 20, 2023
For educational and illustrative purposes only. This is not a solicitation to buy or offer cryptocurrency or securities. Investments may be speculative, illiquid and there is a total risk of loss of principal. There is no guarantee that any specific outcome will be achieved. Past performance is not indicative of future results.
Over the past 6 months, Bitcoin’s correlation with the S&P 500 and Nasdaq has waned considerably. Correlations with Gold were also waning over the same time period until the SVB collapse and US gov intervention.
