Summary
TLDR: The correlation between bitcoin and Nvidia stock is strong, with a correlation above 0.80 for both 90 days and 52 weeks.
Key Points
1. The 90-day and 52-week correlation between bitcoin and Nasdaq-listed chip maker Nvidia is well above 0.80.
2. This high correlation suggests that movements in the price of bitcoin are closely linked to the performance of Nvidia’s stock.
3. Investors interested in trading or investing in bitcoin may want to pay attention to the performance of Nvidia as a potential indicator of bitcoin price movements.