RE: RE: Bitcoin (BTC/USD) Positive or Not Correlation - Bitcoin vs S&P500 - Does it influence the price?
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RE: Bitcoin (BTC/USD) Positive or Not Correlation - Bitcoin vs S&P500 - Does it influence the price?

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Just a quick refresher but asset correlation in finance looks like this:

1.png

Now here's the historical data on Bitcoin-S&P500 correlation:

skew_bitcoinsp500_realized_correlation.png

As you can tell by the look of the curve (and a yearly average of -1.3%) there is no historical correlation between these two, except in the last month or so.

So I think declaring a positive correlation between BTC and SP500 is at best a bit premature don't you think?

@f0x-society: Just a quick | Ecency