The chart Bitcoin bulls don't want to see 📉
For years, Bitcoin ($BTC ) consistently outperformed stocks, strengthening its reputation as one of the best-performing assets.
Now, one long-term chart is drawing attention: the S&P 500-to-Bitcoin ratio, which measures how much BTC is needed to buy the S&P 500.
• In 2012, it took 300+ BTC to buy the index.
• Today, it takes only around 0.12 BTC.
Since Bitcoin's early years, this ratio has mostly trended lower, reflecting $BTC 's massive outperformance. However, recent price action suggests that trend may be slowing, raising questions about whether stocks are beginning to regain relative strength.
Is this just a temporary shift, or the start of a new long-term trend?#USTelecomStocksFallPreMarket #GlobalStocksHitRecordHigh #SCCrudeDrops6.01%
For years, Bitcoin ($BTC ) consistently outperformed stocks, strengthening its reputation as one of the best-performing assets.
Now, one long-term chart is drawing attention: the S&P 500-to-Bitcoin ratio, which measures how much BTC is needed to buy the S&P 500.
• In 2012, it took 300+ BTC to buy the index.
• Today, it takes only around 0.12 BTC.
Since Bitcoin's early years, this ratio has mostly trended lower, reflecting $BTC 's massive outperformance. However, recent price action suggests that trend may be slowing, raising questions about whether stocks are beginning to regain relative strength.
Is this just a temporary shift, or the start of a new long-term trend?#USTelecomStocksFallPreMarket #GlobalStocksHitRecordHigh #SCCrudeDrops6.01%