Founder of Coin Metrics: Not shocked by the recent correlation between the S & P 500 and Bitcoin

Coin Metrics data shows that in mid-March, the 90-day Pearson correlation coefficient of Bitcoin and the S & P 500 index reached a record high of about 0.5. In this regard, Coin Metrics co-founder Nic Carter said that the S & P 500 index and Bitcoin have recently been correlated. I am not shocked. In the rush to pursue liquidity, investors will sell short-term assets in exchange for long-term assets. , To pay security deposits or mortgage payments, etc. Bitcoin is often the least burdened of liquid assets, and it is usually not held in a tax-benefit manner. For many investors who are under pressure, this is the first time that obstacles have been encountered.