The Great Decoupling: Bitcoin And Equities Correlation Diminishing Post-Pandemic
Portfolio Pulse from Murtuza Merchant
A report by NYDIG reveals that Bitcoin's correlation with equities has been significantly declining post-pandemic, making it a valuable asset for portfolio diversification. The report also highlights Bitcoin's strong performance despite a decline in volatility and its potential as a powerful diversifier in investment portfolios.
June 13, 2023 | 3:57 pm
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Bitcoin's correlation with equities is declining post-pandemic, making it a valuable asset for portfolio diversification. Its strong performance and unique factors continue to drive its value.
The NYDIG report shows that Bitcoin's correlation with equities has been significantly declining as the world moves further from the peak of the COVID-19 pandemic. This makes it an attractive option for investors looking to diversify their portfolios. Additionally, the report highlights Bitcoin's strong performance despite a decline in volatility, which indicates its potential as a powerful diversifier in investment portfolios. These factors are likely to have a positive short-term impact on Bitcoin's price.
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