Bitcoin's Top 10 Most Correlated and Anti-Correlated Stonks
KEY TAKEAWAYS:
- RIOT corr > MARA corr ... is there a fundamental explanation?
- MSTR is now 70% by market cap!! Up from ~30% at the start of massive buying a few months ago... we should see closer correlation going forward in a virtuous cycle
- Meme stonks are the most anti-correlated... (except GME), which confirms that us retail investors are forced to choose w/ scarce $$ to allocate and that we make up a good majority of crypto hodlers still