@leopoldsnow

Yes, the correlation between cryptocurrencies (e.g., Bitcoin) and traditional assets is changing. With US stocks, it has increased significantly since 2020—from near zero to ~0.36 (2020-21), reaching 0.71 in early 2024—due to institutional adoption via ETFs and shared risk-on sentiment, as seen in 2024-2025 rallies. For gold, Bitcoin showed tight positive correlation (2022-2024, with BTC surging 400% vs. gold's 67%), but decoupled in 2025 amid crypto's $2.8T market cap drawing funds away and distinct drivers like Nasdaq ties for BTC. Overall, crypto is maturing, reducing diversification benefits but heightening contagion risks.

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