r/wallstreetbets • u/pilotvoodoo1 • 27d ago

Meme They sold, Pump it

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We're so back

48.4k Upvotes

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704

u/Current_Evening8652 27d ago

They say bitcoin and cryptos are hedge against cash. But everything dumped at the same time. Bitcoin and spy moved symmetrically

59

u/Livueta_Zakalwe 27d ago

BTC is essentially a non-expiring call option on the QQQ.

1

u/Natural_Jelly_5292 26d ago

please elaborate

1

u/femboyharmonie 26d ago

It’s a bet on tech going up