Eugenio Catone @CatoneEugenio: "Yesterday was a very messy..."

Italy

Yesterday was a very messy day, with the market ultimately changing its opinion on Nvidia's quarterly results. From +5%, it went to -2%, while Bitcoin continues its relentless decline. It is a time of great uncertainty in the markets, but nothing we haven't seen before. Typically, corrections like this happen about twice a year, and it is rare for them to turn into something else (recession, economic slowdown). I remain very optimistic in the long term, and I will take advantage of the downturn to buy more. I believe that the best time to do so is when there is panic, and we are gradually heading in that direction. I can't know when the crash will stop, but I suppose BTC plays a role in all this. Being the ultimate “risk on” investment, as long as it continues to fall, it's clear that investors will prefer “risk off” alternatives. If you take a look at the correlation between BTC and the Nasdaq 100, it's really quite striking. In other words, when people flee from BTC, it also affects riskier tech stocks. $BTC $ETH $NSDQ100 $SPX500 $NVDA (NVIDIA Corporation)

Not investment advice. The author may have financial interests in the mentioned instruments.