Replying to Avatar Alex Jones

green line is log of BTC price(obviously)

red line is correlation coefficient with Wilshire5000 over the previous 7 days.

The correlation oscillates all over the board between 1 and -1. Bitcoin is not just another risk asset or a tech stock and anyone who says that is wrong.

#bitcoin

#plebchain

https://void.cat/d/DyrCz3HMziTu1CRYaRcn6J.webp

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Alex Jones 2y ago

Here is the same thing but 100 day correlation. Trend has been down the last year.

Red line is correlation coefficient(left-axis)

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