Nvidia is massively correlated to Bitcoin due to the fact that their semiconductors are also used for Bitcoin mining.
But, the real correlation is via glue sniffing social mood.
Last seen at the 2021 Bitcoin all time high. pic.twitter.com/TMf7twgGEY
— Mac10 (@SuburbanDrone) January 8, 2024
We're looking for a reversal of fortune in the only mega cap Tech stock still making new highs.
The Magnificent 1. pic.twitter.com/P4SKdbMGpT
— Mac10 (@SuburbanDrone) January 9, 2024