Trader Brian Jones on Twitter: "Correlation between Bitcoin and the stock market? Who knew that was going to happen? Weren't they supposed to trade independently?" / Twitter

Correlation between Bitcoin and the stock market? Who knew that was going to happen? Weren't they supposed to trade independently?

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Jim Bianco biancoresearch.eth

@biancoresearch

Jul 10

Bitcoin = Orange Sept S&P Futures (ES) = blue The last 14 days BTC is effectively a 27/7 VIX. If this weekend's BTC declines holds, expect a similar decline in ES. twitter.com/biancoresearch…

4:47 AM · Jul 11, 2022Twitter Web App

Replying to

Until it’s more widely accepted as a form of payment it will. Still better returns before the 2020 crypto/stock market extravaganza

@SW11356030

Jul 11

Replying to

@MasterBJones

For a while anytime bitcoin was up premarket so would the spy

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