Analysis: "The marijuana stock slump affects bitcoin prices" is too far-fetched

Gold supporter Peter Schiff recently said that many speculators who buy cannabis stocks are also buying bitcoin. Due to the heavy losses of the former, they may seek to obtain some benefits from the latter, or try to mitigate losses before the encryption market bottoms out.
However, according to CCN, it is wrong for Schiff to blindly establish this correlation. First, Bitcoin has nothing to do with the stock market, because when the stock market crashes, investors will not put money into Bitcoin. At the same time, there is not enough data to support Schiff's argument. In addition, CCN pointed out that the reduction in BTC volatility will attract more institutional participants, and speculators are not the only players.