Chris Burniske, former head of Ark Invest crypto division and analyst, stated that after the rise of the NASDAQ-100 (NDX), investors will turn to risk products, primarily Bitcoin (BTC).
Chris Burniske a recent social media in your post, Glassnode founder Yann AllemannHe pointed to an interesting analysis by quoting ‘s post. of bitcoin usually with the NASDAQ-100 index reaching saturation level. in a stationary period Emphasizing that he started to rise after the periods he passed, Burniske implied that money may soon flow into risk products.
An interesting observation that cryptocurrencies are taking action as the NASDAQ-100 reaches saturation. Return to higher risk.
However, making an estimation of the flow of money on risk products, Burniske, NASDAQ-100, respectively, bitcoin, Ethereum (ETH), Left (LEFT), Dogecoin (DOGE) And NFTs drew a flowchart.
Yann Allemann’s tweet quoted by Burniske of the series Considering the historical data in detail, the price movement of Bitcoin with the NASDAQ-100 index compared. In the charts he shared, the relationship between NASDAQ-100 and Bitcoin ties in terms of time and performance Allemann, who put forward available to the location also commented on it.
NASDAQ-100 in 2021 covid pandemic to return to the previous peak 91 days For Bitcoin, the founder, who stated that he spent 165 days reminded me of the answer. With this 16 Septemberin the process after Better performance compared to Bitcoin NASDAQ-100 exhibited.
A similar situation occurred after the NASDAQ-100 transitioned to a stable period in 2019, with capital flowing into risk products, including Bitcoin. in those days NASDAQ-100’s level 7600 to get it back 186 days while in Bitcoin, this period is 220 days was recorded as. So as can be seen NASDAQ-100 after reaching its local destination in Bitcoin after a certain time notable performances it happened.
Focusing on where we are at, Allemann until the NASDAQ-100 returns to its April 2022 position. 445 days while pointing out Bitcoin diverges as correlation stressed.
As a result, in line with historical data, the founder, who claims that we are close to the days when Bitcoin will perform better, said that with the stagnation period in US-based stocks, investors will turn to risky assets expressed. Accordingly, Bitcoin upward movements He wrote that he was waiting.