BTC Chases S&P500 All-Time Highs During Past Half Years... Will It Do It Again?

"The S&P500 index of the US stock market has always been a leading indicator for bitcoin," said crypto analyst Kevin Svenson in a recent YouTube broadcast. Now that it's rising to new all-time highs, BTC will follow suit." "The S&P500 also hit a new high during BTC's second halving in 2016, and BTC followed suit seven months later. During the third halving in 2020, BTC hit a new high four months after the S&P500 hit an all-time high. We expect the next halving to follow suit. Meanwhile, the S&P500 index hit a new two-year high on January 19 (local time), closing at 4839.81. BTC's fourth halving is expected in April.