Michael Nadeau

Bitcoin's had a 35% move or so since early February.

And we're at a really interesting inflection point on the crypto markets.

And so that's where I'm spending most of my time and just really trying to understand if this rally continues in NASDAQ and S&P 500,

Is there a chance that they're just going to pull the crypto markets along with it?

And I think that's the big unknown.

Typically, Bitcoin actually leads the NASDAQ.

So when we look at Bitcoin correlations, we talked about how it's most correlated during bear market years.

We are at the highest correlation point right now in 2026.

And Bitcoin tends to lead the market here.

So that'll be interesting to see.

If Bitcoin rolls over, it's at its peak.

Right around its 200-day moving average, which can be resistance in a bear market.

So we'll be keeping an eye on that.

If Bitcoin breaks down, is that a leading indicator for NASDAQ and the TradFi side?

So, yeah, we've never invested in the crypto markets through, I guess, a sort of bubble type setup, you know, in NASDAQ.

I guess, you know, 2021, we had some similarities there.

And, yeah, I mean, I think the best thing you can do is understand the relationship between, you know, Bitcoin and NASDAQ.

We know that it's moderately correlated.

It tends to be more correlated in bear market years.

you know, my, the way that I'm playing this is, you know, my exposure to the TradFi side of things is like an index funds and I'm just kind of like, you know, I'm not like selling anything.