Can Bitcoin Stay Above $75,000? Stocks Likely Guiding At about $76,000 on April 18, Bitcoin was little changed from its March 2024 peak after the launch of US ETFs, despite the S&P 500's nearly 40% gain. Will the crypto catch up to beta, or did the launch of US ETFs and President Donald Trump's shift to advocate from antagonist mark an enduring crypto peak? I lean toward the latter. The graphic highlights key reasons: unlimited crypto supply, declining prices and Bitcoin's high correlation to the MarketVectorTM Digital Assets 100 Small-Cap index. Bitcoin was first in 2009; now there are millions of crypto assets. Weakening prices are consistent with effectively unconstrained supply. Bitcoin may hold above $75,000 as long as the US stock market keeps rising, though my analysis suggests its relative risk-reward vs. equities becomes less favorable at that level. Full report on the Blomberg here: https://blinks.bloomberg.com/news/stories/tdmuqakgifrt {BI COMD} #Bitcoin #stockmarket @BBGIntelligence(Mike McGlone)