Tracking relative performance. BTC can be considered a speculative tech stock, as a baseline. As such a relative performance measure can illustrate general trends vs broad tech space.
Charting BTC vs NASDAQ 3X exposes recent increase in correlation and volatility. For the purposes of price discovery, Bitcoin became a tech stock. If Nasdaq tanks, it will take BTC with it, if it rises, BTC will run. Likely to continue faithfully until we are out of recession.
Historically, BTC has never been able to find support during sustained economic...
