Sure, individual coins could have better movement but I would like to track it on a whole, as individual stocks also have better movement than the index. Is there a composite index for the coins at least say the Top 100?
I picked BTC as by volume and market cap, as that's the biggest out of those, about 5-6x of the second biggest in market cap. In the same URL you shared I compared Nasdaq with BTC and both seem to be correlated in the last 1 year. In the last 2 years, Nasdaq seems to have the lead for a while but the end returns seem to be the same.
Yeah the last year or so btc has become correlated with the markets, so it's no longer a haven from shocks as previously thought. Covid has changed the landscape through the summer though, and the role of bonds as a safe place to weather the storm is questionable at the moment and people are increasingly resentful with the roles and ineffectiveness of central banks, so I've been hearing way more noise about cryptocurrencies as a store of value than before.
The stock 2 flow model predicts btc to reach $1 mill in 2025. I'm curious if this becomes true.
I picked BTC as by volume and market cap, as that's the biggest out of those, about 5-6x of the second biggest in market cap. In the same URL you shared I compared Nasdaq with BTC and both seem to be correlated in the last 1 year. In the last 2 years, Nasdaq seems to have the lead for a while but the end returns seem to be the same.
https://finance.yahoo.com/quote/BTC-USD/chart?p=BTC-USD#eyJp...