HAS BTC REALLY PERFORMED WORSE THAN THE S&P 500?

According to the latest rates revealed, Bitcoin has allegedly performed worse than the S&P 500 in recent weeks...

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Although some names in the market think everything is OK because bitcoin didn't have a boom during the current crisis, the new figures revealed may point to different results… 

Bitcoin In A Time Of Crisis

As of March 12, Bitcoin and cryptocurrencies have tended to follow the traditional market. Bitcoin was specifically stated to be in correlation with the S&P 500. In recent weeks, however, this correlation has been visibly cut across both sides. That led to comments that Bitcoin was “independent " again. However, the S & P 500 is very high volatility compared to normal conditions and this volatility should be lowered.

Looking at the numbers alongside all this, one analyst claimed that Bitcoin had performed worse than the S&P 500 in just the past month and a half. Eric Wall, the CIO of Arcane Assets, recently issued a statement in which he acknowledged it was likely an “unpopular idea,” adding: “Bitcoin has gone much worse than the S&P 500.”

Between February March 24 and March 23, the S&P 500 fell nearly 33%, while Bitcoin fell 40% in the same time frame, according to the CEO's statements. Also, Wall suggested that in the past few weeks, the S&P 500 has made a more successful recovery, with more gains. From March 23 to April 9, the S&P 500 was valued at 26%, while during the same period, the BTC was valued at 24%.

The Wall suggested that there was no indication that the S & P 500's decline had ended, and that high volatility still remained.

Market Comparison

Although it is stated that bitcoin performs worse when compared to rates, in fact, when total market volumes are evaluated, traditional markets have caused much greater losses. Because, hypothetically, it would not be fair to rate a $ 10 million market at the same rates as a $ 1 billion market.…

The proportional declines in the two markets have the potential to produce very different results.…



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