RATE Group | Bitcoin is the market’s new fear gauge, investor says
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Bitcoin is the market’s new fear gauge, investor says

30 May Bitcoin is the market’s new fear gauge, investor says

Posted at 01:30h in Bitcoin News by

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The answers to which way the market will move next may lie in bitcoin, said Brian Stutland of Equity Armor Investments.

“Bitcoin is sort of becoming the new VIX, in sort of getting ahead of credit risk in the banking industry,” Stutland said on “Fast Money” on Tuesday.

The CBOE Volatility Index, or VIX, is a long-held measure of volatility and fear in the marketplace illustrated by way of S&P 500stock options prices. The index is sometimes referred to as the market’s “fear gauge.” But Stutland told CNBC that bitcoin is just as good of an indicator.

“There is huge correlation right now between VIX and bitcoin 30 days ago, 30 trading days ago, that is starting to measure out credit risk in the market,” Stutland said. “That’s what cryptocurrency is becoming. It’s becoming a…

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