Bloomberg ETF Analyst: Bitcoin’s 6-Month Stock Correlation Below Gold, T-Bills

TREE NEWS reports: Bloomberg ETF analyst Eric Balchunas said on Sept. 2 that over the past six months, Bitcoin’s correlation with U.S. stocks has been lower than that of gold, small caps, emerging markets, and U.S. Treasuries. He noted Bitcoin’s historical correlation with equities is around 0.4, while gold and Treasuries have seen a notable rise in correlation recently. Balchunas said the window is short but enough to refute the claim that Bitcoin is just another QQQ.