Bitcoin’s correlation with Nvidia has now reached 0.75, the highest in a year, indicating a major link in their price movements. Analysts are predicting a possible drop of up to 80% for BTC if this correlation continues, drawing comparisons to the dot-com bubble.
Recent spikes in valuations for both Bitcoin and Nvidia could signify a dangerous trend. As investments flow within AI companies, risks for crypto markets are increasing, likening current situations to past speculative market crashes.
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