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Opinion

Is Bitcoin More Correlated to Stocks or Gold?

According to analyst Lyn Alden, bitcoin's correlation to stocks or gold depends on bitcoin’s own cycle.

By Nathaniel Whittemore
AccessTimeIconOct 11, 2020 at 1:00 p.m. UTC
Updated Sep 14, 2021 at 10:07 a.m. UTC
AccessTimeIconOct 11, 2020 at 1:00 p.m. UTCUpdated Sep 14, 2021 at 10:07 a.m. UTC
Breakdown 10.11
AccessTimeIconOct 11, 2020 at 1:00 p.m. UTCUpdated Sep 14, 2021 at 10:07 a.m. UTC

According to analyst Lyn Alden, the answer depends on bitcoin’s own cycle.

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This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

Today on Long Reads Sunday, a reading of Lyn Alden’s piece for CoinDesk: “Bitcoin Correlations Depend on What Phase It Is In”

In it, Lyn argues that bitcoin’s correlation patterns are, in part, reliant on where bitcoin finds itself in its own cycles of expansion or consolidation.

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