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# Cryptoobservers
171.86K
GateUser-cc27e448
For at least the last 12 months, changes in the price of Bitcoin have been tightly correlated to U.S. software stocks with relatively high enterprise values (EV) compared to sales.
This suggests that the drawdown likely had more to do with broad de-risking of growth-oriented portfolios rather than problems unique to crypto👀 #CryptoObservers #CelebratingNewYearOnGateSquare
This suggests that the drawdown likely had more to do with broad de-risking of growth-oriented portfolios rather than problems unique to crypto👀 #CryptoObservers #CelebratingNewYearOnGateSquare
BTC-2,54%
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