Bitcoin ETF Breaks Pandemic-Era Price Link to Luxury Watches

Luxury Watch Prices: A Mirror of the Crypto Market?

For most of 2023, prices for luxury watches and the CoinDesk 20, an index of the largest digital assets, moved in parallel. But then the two diverged in the third and fourth quarters of 2023. This divergence can be attributed to the excitement surrounding a bitcoin exchange-traded fund (ETF) that began to work its way through the crypto market, pushing the CoinDesk 20 higher.