Bitcoin thoughts

[eaLiTy]

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 And the most disappointing thing is the correlation between Bitcoin and the stock market. Friend of mine that works for one of the biggest hedge funds tells me the BTC is going to zero value against the USD

What is the grand revelation that you found regarding the correlation between the BTCitcoin market and the stock market. I bet you cannot find the correlation now as the cryptocurrency market is in a bear phase, there might be momentary aspects which might create an illusion that it is more correlated but it is not.

As for the friend and his vision, ask him to learn about BTCitcoin rather than mere speculate without knowing what he is talking about and he is not the first person to profess that during a bear market  .

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And the most disappointing thing is the correlation between Bitcoin and the stock market. Friend of mine that works for one of the biggest hedge funds tells me the BTC is going to zero value against the USD

It's a tough time to be an investor in Bitcoin, or any cryptocurrency for that matter. But hey, I believe the correlation between bitcoin and stock market is a good thing because that means more technology money will come into the bitcoin ecosystem to secure its place on technological battlefield. More money coming means better tech: more research and development, more people using it, more merchants willing to accept it. More money in its game means better price points and faster adoption as prices go up.