Will prediction of a fall in Dow/bitcoin come true?


WHILE not many believe the Dow Jones, pitted against bitcoin prices, will fall, the warning may be something to look at.

“The predictive power is in the chart (which shows bitcoin prices in an eight-week lag versus the Dow) although no one can fix a causative link between the two,’’ said Pong Teng Siew, head of research at InterPacific Securities.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Plain Speaking

Next In Business News

Hextar moves into fertiliser sector
NFL Chiefs to move to Kansas with public funding package
Import-heavy sectors to gain from stronger ringgit
Healthcare players earnings visibility intact
SBS Nexus eyes RM31mil from its IPO
Stratus Global eyes foreign expansion upon listing
Amova raises stake in AHAM Capital to 97.7%
CLMT’s Johor acquisitions offer ‘strategic merit’
PMCK posts RM5.8mil profit in 2Q
External demand to support local logistics firms

Others Also Read