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The S&P 500 Bitcoin: What's Driving It?
The S&P 500 is driven by cyclical growth expectations and to a positive degree, i.e. as investors have gotten more positive, more segment on the economy from a single standpoint, the S&P has risen. And what we see is Bitcoin was driving Bitcoin. It's not the same in terms of, you know, it's often not the same, quite frankly. But ultimately, I think the investors in the crypto market have their eyes on the prize as it relates to what's ultimately going to cause central banks to give us the kind of liquidity that we need," he said.