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NBS /
npub1ydm…5tav
2024-01-13 18:57:35
in reply to nevent1q…hjh8

NBS on Nostr: npub1ly0yn…jamzj There isn't any data to support that Bitcoin rallies while the ...

npub1ly0ynwkgucwdxklhm5sjwkp7p5u47zuv270mqnmht42w7y2veleq4jamzj (npub1ly0…amzj)

There isn't any data to support that Bitcoin rallies while the stock market crashes. While I understand the fundamental reason (flight to safety, like gold or Yen), BTC actually crashed with the market in 2020 and fell with the market in 2022. So it hasn't performed like a flight to safety (I was also wrong about this in 2022).

My bearish case of $35k BTC is mostly a demand/supply thing I'd expect only in the next 3 - 6 months at worst if economic data starts turning markets lower.
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npub1ydmg5ndgr9px5ekcxnxaf9ktrcd2scnkx7cf9xrnaxxnea90aevsgf5tav