Bitcoin looks a lot more like a high risk tech stock

in #bitcoin • last month

Store of value out the window

Bitcoin looks a lot more like a high risk tech stock currently.

Here it is compared with NVDA:

image.png

(Source: https://x.com/Mysteryofcrypt/status/1818981997655499100/photo/1)

The charts and the patterns look pretty similar.

I would assume this correlation is going to hold up for some time.

Gold chart looks much different than bitcoin and the others.

That means that it is a high risk tech stock now.

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