CoinDesk·3 min read·hard
The worst chart for bitcoin bulls right now
O
Omkar Godbole
✦AI Summary
Market data shows that the S&P 500-to-bitcoin ratio has broken above its 200-week moving average, suggesting that bitcoin may no longer significantly outperform equities as it did in the past. Analysts suggest this indicates bitcoin is maturing as an asset class, making it harder to achieve explosive growth.
That chart is the S&P 500-to-bitcoin ratio, which measures how much bitcoin it takes to buy the index.
cryptoeconomybusiness
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