pull down to refresh
21 sats \ 1 reply \ @scottathan 24 Apr 2023 \ parent \ on: The U.S. stock market priced in BTC bitcoin
Because BTC is growing in value faster than the S&P 500. Thus, if you base it on BTC, it is falling. But, since the S&P 500 is growing in value faster than the USD, it looks like it is growing when based on USD.
It's all just relative. You can form a chart like this with any asset you want and it will look different in some way.
Yes.
reply