BTC = Heavy skew to Millennials many who will now be underwater. Millennials are more investment volatile, more tech savy and not as defensive as, say, Boomers, as they have decades of increasing earnings to come ... so when they move the markets follow. For markets to rise, IMO Millennials have to invest, and they won't be investing if they keep going further red on BTC.
Correlation
BTC v's NVDA, same for most chip stocks, indices, ETFs
BTC = Heavy skew to Millennials many who will now be underwater....
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