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Reply to "I’m 10% BTC and 90% S&P 500"
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[quote=Anonymous][quote=Anonymous]Bitcoin is highly correlated with the Nasdaq, but with more volatility. Just get QQQ for more stability, dividends, and the likelyhood of growth.[/quote] Yeah, now bitcoin is like a tech stock, a risk asset. Remember before when it was going to be digital gold, but then they realized that no one in their right mind would consider something with insane volatility as a store of value? Or remember when it was going to be a currency until people realized the transaction costs made that impossible? The bitcoin bros just make up whatever they need to at any given time. Bitcoin is basically nothing, but people are willing to buy it because the price has been going up—textbook bubble behavior. [/quote]
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