BitcoinLong
AAPL And BTC Are Becoming Correlated
AAPL has the largest USD cash balance of any company on earth and will be the biggest investor on record in dollar terms in BTC
After BTC crashed to 29k, the signal that it was going to recover and go to a record was to be found in AAPL
That is not a coincidence since AAPL has the largest USD cash balance of any company on earth
The market is anticipating that AAPL will convert its cash into BTC and so the correlation with AAPL and BTC is becoming 1
History repeats itself, and now we have witnessed a similar crash in BTC and AAPL hitting a record in a similar timeframe
Expect BTC to hit a new record in the coming weeks as the market pairs BTC and AAPL as one and the same
Hit a like if you appreciated this idea/analysis. Thanks!
After BTC crashed to 29k, the signal that it was going to recover and go to a record was to be found in AAPL
That is not a coincidence since AAPL has the largest USD cash balance of any company on earth
The market is anticipating that AAPL will convert its cash into BTC and so the correlation with AAPL and BTC is becoming 1
History repeats itself, and now we have witnessed a similar crash in BTC and AAPL hitting a record in a similar timeframe
Expect BTC to hit a new record in the coming weeks as the market pairs BTC and AAPL as one and the same
Hit a like if you appreciated this idea/analysis. Thanks!
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