Stock Market and Bitcoin Cycle
"One of the arguments as to why the four-year cycle is breaking is that the stock market keeps putting in new all-time highs. But you could easily refute that by noting that in 2018 the stock market actually put in all-time highs and Bitcoin still went down."
ℹ️ In shortThe argument that Bitcoin's four-year cycle is breaking due to new stock market highs is refuted by the fact that in 2018, the stock market also peaked while Bitcoin declined.
Predictions closed
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… do that, and there's always a chance that I'm wrong about this being a bear market rally. But I have to ask myself, is this time really different? Or is it just doing the same thing that it always does where it draws people back in over a long enough period of time to make them think it's different but then it ends up actually not being different. One of the arguments as to why the four-year cycle is breaking is that the stock market keeps putting in new all-time highs. But you could easily refute that by noting that in 2018 the stock market actually put in all-time highs and Bitcoin still went down. And in fact, it was an early correction in the stock market that led to Bitcoin's first drop to 6K and it was a second correction in the stock market in the second half of the midterm year that led to a subsequent drop by Bitcoin. Now if you look at this cycle, you can see that Bitcoin's first drop corresponded to a drop in the S&P 500. So perhaps …
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