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Dr.Porny
@DrPorny
medschool 🩺
Joined June 2024
1.2K Following    935 Followers
Mayne Shares Bitcoin's Rare Bullish Edge Over the S&P 500 If you look at these two charts just objectively in October which is the peak of top for Bitcoin we're here. The S&P grinds up while Bitcoin sells off." "Then the S&P sells off and Bitcoin is consolidating and holds. Then we get a bottom on the S&P we get a rally on bitcoin. Bitcoin puts in a lower high fully mean reverts and the S&P just keeps trading up." "So is this lagging? If we do get a pull back here of larger proportions is this just gonna eat shit or is there a world where Bitcoin can actually hold even go up with or without S&P 500?" "That's gonna be something interesting to watch. Still very early but for now Bitcoin is potentially looking slightly more bullish than the S&P 500 than equities for now which is a rarity and has been something that's been not very common over the last year."
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