Bloomberg ETF Analyst: Bitcoin is not a leading indicator for the stock market

Bloomberg senior ETF analyst Eric Balchunas released research findings indicating that Bitcoin is not a leading indicator for the stock market. The data shows that after months of Bitcoin declines, the stock market still exhibits positive performance 62% of the time. Balchunas also noted that the S&P 500 index ($SPY) performs strongly, remaining stable even in months when both Bitcoin and stocks decline.