Bloomberg ETF Analyst: Bitcoin Is Not a Leading Indicator for the Stock Market
Jinse Finance reported that Eric Balchunas, Senior ETF Analyst at Bloomberg, released research results indicating that bitcoin is not a leading indicator for the stock market. Data shows that after months when bitcoin declines, the stock market still performs positively 62% of the time. Balchunas also pointed out that a certain exchange index ($SPY) has performed strongly, maintaining stability even during months when both bitcoin and stocks decline.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitunix Analyst: Trump Pressures the Federal Reserve, U.S. Economy May Fall into a Stagflation Cycle

Solomon Labs successfully raised 100 millions USD in the MetaDao public offering
