Why bitcoin suffers alongside everything else on bad trading days

00:00 Speaker A

Maybe we're seeing, you know, a highly volatile environment, risk off today as a result of this, at least to some degree.

00:09 Speaker A

And so, is there a relationship between that and and what we see in terms of crypto? I mean, Bitcoin's down a little bit today.

00:15 Speaker B

I I think you really nailed it. I think, you know, Bitcoin in the very short term, on a bad trading day, definitely suffers alongside everything else when there's a risk off sentiment, when tech sells off.

00:26 Speaker B

But it tends to very quickly uncorrelate uh over the longer term or over the next few days.

00:32 Speaker B

I think Bitcoin has been traveling largely in its own cycle.

00:36 Speaker B

Uh there's no uh CEO to get caught in a scandal, so I think that it's not going to be problematic in that way.

00:43 Speaker B

I think that the whole world is just reeling right now. and it's on honestly to me it's a just a bigger signal that one man's impropriety could have such a effect on global markets and have everybody watching.

00:54 Speaker B

It makes me a bit more, you know, nervous uh or anxious about what's going to happen with markets, but I think Bitcoin is going to do what it's always done, which is be exceptionally volatile but generally trend up into the right over a cycle.