Bitcoin is only correlated to the downside, not the upside. bitcoin captures all the downside of QQQ and not upside. This means you can make good money by shorting Bitcoin and going long QQQ. Such a method returned 50% over the past year even though BTC is still up 50% this year. I am not sure why this has done so well. I think it could be because the US govt. is selling its Silk Road holdings on Coinbase during market hours. You can make good money by shorting bitcoin and front running these sales.
Bitcoin is only correlated to the downside, not the upside. bitcoin captures all the downside of QQQ and not upside. This means you can make good money by shorting Bitcoin and going long QQQ. Such a method returned 50% over the past year even though BTC is still up 50% this year. I am not sure why this has done so well. I think it could be because the US govt. is selling its Silk Road holdings on Coinbase during market hours. You can make good money by shorting bitcoin and front running these sales.