US Tech Index vs. Bitcoin

11 thg 5, 2022

By charting the growth rates of both the NASDAQ US TECH 100 and Bitcoin, it clearly shows a recent decline against BTC. This decline may also show the recent correlation Bitcoin has had with the NASDAQ, as the closer it gets to 0, the more correlated they are. It has broken an important trend, which is in favor of the growth rate for BTC. IMO this shows the beginning of a decoupling of the two, and the possibility that BTC will begin to grant more returns, even as the NASDAQ declines overall.