Bitcoin is showing record correlation to equities
March 27, 2020, 12:02PM EDT · 3 min read
- In the current financial crisis, Bitcoin has thus far underperformed both the S&P 500 and the price of gold
- Bitcoin’s correlation to the S&P 500 index reached yearly highs in March amid the crisis
- So far, in this bear market, Bitcoin has been relatively correlated and underperformed other safe-haven assets
- Upcoming months will be crucial in proving Bitcoin’s core value proposition – that it is truly an uncorrelated safe-haven asset.
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