Willy Woo: Bitcoin may hold up even if US stocks fall
- —Bitcoin is down 50% from its all-time high
- —Woo compared the market to 2014 after Mt. Gox
- —In 2014 BTC rose even as stocks entered a bear market
- —The view is a historical analogy, not a guarantee
Why it matters: If the 2014 pattern repeats, bitcoin could prove less correlated to a stock selloff, reinforcing its appeal as a defensive asset.
Source: TokenPost