What is the BTC/DJ or the Bitcoin to Dow Jones Industrials Ratio?
Simply stated, the BTC/DJ is a comparison of a popular cryptocurrency, Bitcoin, to the Dow Jones Industrials; 30 blue-chip stocks representing some of the biggest and most well-known corporations in the nation.
In October of 2023, the two numbers were identical, so it seemed as if a comparison might be in order and offer some insight into how the general investing public feels about digital currency as related to the US Stock Market for long-term growth and stability.
As the ratio grows larger than 1, acceptance of digital currency in relation to equites may indicate less anxiety with this new form of currency over traditional investments such as stocks and bonds.
Simply stated, the BTC/DJ is a comparison of a popular cryptocurrency, Bitcoin, to the Dow Jones Industrials; 30 blue-chip stocks representing some of the biggest and most well-known corporations in the nation.
In October of 2023, the two numbers were identical, so it seemed as if a comparison might be in order and offer some insight into how the general investing public feels about digital currency as related to the US Stock Market for long-term growth and stability.
As the ratio grows larger than 1, acceptance of digital currency in relation to equites may indicate less anxiety with this new form of currency over traditional investments such as stocks and bonds.