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@4gfs
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10 Followers
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Bitcoin's correlation with other asset classes, like stocks and bonds, has evolved significantly. Historically, it exhibited low or negative correlation, positioning it as a diversification tool. However, since 2020, its correlation with equities, particularly tech stocks and the S&P 500, has risen sharply, peaking at 0.88 in 2024, driven by liquidity surges and risk-on sentiment. Posts on X note this shift, with some claiming a flip from a hedge to a risk asset, though 30-day rolling correlations hover around 40%. Meanwhile, its correlation with bonds remains weak (e.g., 0.14 over three years), and gold shows minimal linkage (0.08). 0 reply
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