Does bitcoin follow the stock market?

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Bitcoin has fallen sharply recently, is it because it follows the ups and downs of the stock market or is it because investors were panic selling EVERYTHING!

I believe it was the later...

I see no REAL EVIDENCE that bitcoin is in anyway correlated to the stock market, either the Dow Jones or the S&P 500.

Bitcoin is tremendously volatile as investors seek the assets true market value.
Gold has been around since the beginning of time and is arguably the most stable asset on the planet, however sometimes it does not appear so when valued against paper money.

Gold is stable, Gold does not suffer from inflation, you can not just print gold nuggets on demand!
Bitcoin has these same qualities...

WHEN these ever inflating paper currencies explode into uncontrollable hyperinflation, bitcoin and other similar digital assets WILL be the new means of transaction for international trade.

Bitcoin is KING!





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**DISCLAIMER**: I am not a financial adviser nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your own research before making any investment. You should also understand the risks of investing. This is all speculative based investing.




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