Why does BTC seem to mimic the US stock market?

 

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What the title says. I believe in Bitcoin very much, but am curious as to why many out there see it as a hedge against inflation, something different and better than gold, yet it seems like it is just mimics the stock market.

As BTC holders should we just accept that this is an adverse affect of holding crypto? That when markets go down people are going to sell something like BTC to pay for rent in hard times? When times recover and become good times people will buy up BTC? Seems like I am just missing something here…

submitted by /u/Dynasty__93
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247 Bitcoin

Bitcoin & Crypto & NFT News

247 Bitcoin -1 Bitcoins -247 BTC - 1 Crypto - Kryptous

1 News - 247 News - 1 Search - 1 eBooks

 

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