some more evidence to bolster the Bitcoin correlationhuge drop...

some more evidence to bolster the Bitcoin correlation

huge drop in Bitcoin aug 17

imu was in a trading halt due to the capital raise.

next day dropped accordingly.

also notice how big days in the US markets and ASX have minimal impact on imus price. In fact. In most cases Imu drops or stagnates.

so. Using nasdaq/dow/s&p or biotech index as a reference to trade is probably largely defunct. Speculative stocks correlate with other speculative investments. The largest being crypto currency.

don’t have to believe it. Personally I think it’s a wank. But near 1:1 charts stipulate otherwise