Bitcoin’s Correlation to Markets Hits a Record in 2020
- * Historically, bitcoin’s correlation to traditional asset classes has been very low.*
- * Lately, its correlation has been rising. In fact, 2020 is the highest year on record for bitcoin’s correlation to traditional asset classes.*
- * This rise in correlation may be a result of its increasing adoption, as evidenced by record volumes traded, the rise in OTC-traded bitcoin funds and an increasing number of payment networks enabling bitcoin and digital asset buying and selling on their networks.*
Source: https://etfdb.com/tactical-allocation-channel/bitcoin-correlation-markets-hits-record-2020/
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