Jerry Han
@jerryhan
Currently, the NASDAQ index has dropped by 12%. If this adjustment evolves into a bear market and the correlation between the NASDAQ and Bitcoin remains unchanged (that is, for every 12% drop in the NASDAQ, Bitcoin drops by 24%), then when the NASDAQ's decline expands to 20%, the price of Bitcoin may still remain at around $65,000. However, if the NASDAQ enters a real bear market, the decline could be far more than 20%.
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