Taking a look at the S&P500, it is down big. Gold is up in the short term from the panic. When market crashes this hard, it is not good for anyone, including bitcoin.
Just wait until China's SSE opens later today, I predict bloodshed. By then, we will see how bitcoin *weather the ~~storm~~ tornado". People talk about bitcoin being the next gold. It didn't live up to my expectation today, gold up, bitcoin flat. There is a lot of fear on the market with VIX up 23%. Today, especially today ,why people prefer gold over btc?
On a side note, I shorted TWTR today at 49.