/biz/ - Business & Finance

>>26788060
We don't know how crypto performs in actual meltdowns because it has yet to exist during one. Last time was 2008.
From what I can tell bitcoin is somewhat correlated with equities, and most cryptos are correlated with bitcoin. We see similarities in their movements during periods of high volatility. But the effect sizes are different, in terms of risk adjusted return, crypto (btc at least) has not been bad over the past ten years. Especially if most of your portfolio is just cash.
Orange line is SP500.
Personally I am going to hold on to my cryptos because I have a long fundamental thesis. But I exited stocks three weeks ago.