BTC should not be tied to the S and P 500
The entire idea of Bitcoin came to fruition by Satoshi back in 2008 during the last massive financial crisis. He noticed government bodies, particularly the U.S bailing out companies at the expense of the American people through inflating their dollar. He decided to make a currency that couldn’t be inflated because it was not in control of anyone. The idea of the price of Bitcoin to be influenced by the stock market is ridiculous, it’s inception was born to combat that very system. It’s price is not to value the value of a company. The price of Bitcoin should be dictated as an interest in a store of value against inflation and government overreach, both running rampant around the world. Times like this was what Bitcoin was made for, and when the world realizes this, buckle up.
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