I wonder if Tesla buying $1.5B in BTC and being in the S&P has just made BTC selloffs causing market selloffs less of a prophecy and more of a reality.
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BTC has higher vol than S&P obv -> BTC is now x% of TSLA -> TSLA vol likely increases -> ivol & hvol should increase on SPX
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BTC is like ... 4% of Tesla's balance sheet (or 0.2% of its market cap) and Tesla is 1.6% of SPX, I am not convinced it is going to move the needle.
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Reflexivity? Tesla is down almost 4% today, BTC is down almost 4%. Could be a coincidence, but the timing is interesting no?
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Burry posted a pic Monday (I think, maybe Sunday) showing an insanely high correlation for BTC/TSLA
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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The market overprices moves comparably muh reflexivity
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Like a good example is the pure meme play
$MSTR is down 21%. There's no one to one mapping here, it's pure market hype. -
$MSTR had a little short squeeze action going the past few days - Show replies
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