Bitcoin and Nasdaq : The relation

I would like to confirm the correlation between the price action of Bitcoin and the Nasdaq. We can now use the Nasdaq indicators to read the movement of Bitcoin.

What is the reason for the connection of the two together?

Many private investment offices, hedge banks, family investment funds, and others started adding bitcoins to their portfolios at the end of last year and the beginning of this year, and they buy and sell relative bitcoin in the same way and at the time of doing so in stock exchanges.

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Thanks for reading

@username1👒