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  "description": "While Bitcoin and KOSPI have historically been correlated, they diverged last summer, with the attention shifting towards chips.",
  "path": "/research/2026/05/bitcoin-and-kospi/",
  "publishedAt": "2026-05-20T12:16:03.000Z",
  "site": "https://www.bytetree.com",
  "tags": [
    "Subscribe now"
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  "textContent": "## ByteFolio Issue 210;\n\n💡\n\nThis issue covers ****Near**** (NEAR) and ****HyperLiquid**** (HYPE).\n\nBitcoin’s ByteTrend Score drops to a 2. The price has hit resistance at the 200-day moving average, but we are still seeing higher lows.\n\n## Sign up for our research\n\nByteTree is a leading provider of high-quality investment research in traditional finance and crypto. Our experienced market professionals construct easy-to-follow, risk-managed model portfolios.\n\nSign Up\n\nEmail sent! Check your inbox to complete your signup.\n\nNo spam. Unsubscribe anytime.\n\n### Bitcoin\n\nSource: Bloomberg\n\nThe ByteTree Money Map firmly places bitcoin in a macroeconomic regime, which favours a liquidity-fuelled environment. That is when money creation is at its max, with bond yields and inflation rising. With bond yields spiking higher and energy-induced inflation from the Strait of Hormuz, that is where we are today.\n\n### The ByteTree Money Map\n\nSource: ByteTree\n\nIn this chart, I have combined 2-year rates and inflation expectations. Over 10 years, the link to Bitcoin is quite strong. Obviously, the price of bitcoin is determined by many other things, but the big rises and falls have been linked to major changes in monetary conditions. In the current environment, I would reasonably expect more from Bitcoin.\n\n### Bitcoin and Rates\n\nSource: Bloomberg\n\nYet, as with all data imperfections, there are reasons. For example, the chip sector has run wild, as expressed by Korea’s KOSPI Index. While Bitcoin and KOSPI have historically been correlated, they diverged last summer, with the attention shifting towards chips.\n\n### Bitcoin vs Kospi\n\nSource: Bloomberg\n\nYet start the clock in late 2022, when the bull market for stocks and Bitcoin began. People say the Kospi is a gargantuan bubble of our times, but Bitcoin has done more, even after the correction.\n\n### Bitcoin vs Kospi – Rebased to the End of 2022\n\nSource: Bloomberg\n\nIt is a reminder that Bitcoin is a high-return asset. The cycle should turn up later this year, when great things will happen. Also consider that Bitcoin could be part of the anti-bubble trade, which is very exciting indeed. Maybe when the chips go soggy, Bitcoin will step back in.\n\n### This post is for subscribers only\n\nBecome a member to get access to all content\n\nSubscribe now",
  "title": "Bitcoin and KOSPI",
  "updatedAt": "2026-05-20T12:16:03.818Z"
}