Crypto market behavior in bear stock market?
What are folks thoughts on how crypto markets will behave if we see a significant downward correction in stock markets? My intuition would be that it will act as a safe haven asset (as gold usually does) and rise. I downloaded historical data for the s&p 500 and BTC prices over the last three years and - unsurprisingly since both have gone up significantly in that time - there is a positive correlation of 0.83. Do you think there will continue to be a (positive/negative) correlation between crypto and stock markets or none at all?
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