Over the past 6 years, Bitcoin has had the highest correlation with the S&P 500 when compared to Gold and US Treasuries. It is not a safe haven at all. It is a risk on asset. Fine when markets are rising, but will correct when the time comes. Just keep this in mind2:54 AM · Nov 12, 2024
Since March 2020, 20yr treasury yield up from 0.84% to 4.55%. Bad for stocks, right? S&P 500 up 170% during same time. Lesson: DO NOT focus on one factor (rates, inflation, breadth, economy, etc.). Many factors influence the market. 5:33 PM · Dec 15, 2024