Bitcoin’s Correlation to Markets Hits a Record in 2020

By: ETFdb
* Historically, bitcoin’s correlation to traditional asset classes has been very low.* * Lately, its correlation has been rising. In fact, 2020 is the highest year on record for bitcoin’s correlation to traditional asset classes.* * This rise in correlation may be a result of its increasing adoption, as evidenced by record volumes traded, the rise in OTC-traded bitcoin funds and an increasing number of payment networks enabling bitcoin and digital asset buying and selling on their networks.*
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