Bitcoin concept. Photo: Shutterstock. Bitcoin concept. Photo: Shutterstock.
Bitcoin concept. Photo: Shutterstock.
Bitcoin

Does bitcoin act like digital gold? Embarrassingly, it moves in close correlation with risky stocks

  • A correlation analysis shows that US stocks and bitcoin are moving more in lockstep, with the link between the two assets at the strongest level in a year
  • One explanation is simply that bitcoin remains a volatile investment – meaning that when investors start to de-risk, they start dumping cryptocurrencies

Topic |   Bitcoin
Bitcoin concept. Photo: Shutterstock. Bitcoin concept. Photo: Shutterstock.
Bitcoin concept. Photo: Shutterstock.
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