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

Oct 11, 2020 at 1:00 p.m. UTC

Updated Sep 14, 2021 at 10:07 a.m. UTC

By Nathaniel Whittemore

Oct 11, 2020 at 1:00 p.m. UTCUpdated Sep 14, 2021 at 10:07 a.m. UTC

By Nathaniel Whittemore

Oct 11, 2020 at 1:00 p.m. UTCUpdated Sep 14, 2021 at 10:07 a.m. UTC

Alex Thorn

Head of Firmwide Research

Galaxy

Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.

Secure Your Seat

Alex Thorn

Head of Firmwide Research

Galaxy

Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.

Secure Your Seat

Nathaniel Whittemore

Alex Thorn

Head of Firmwide Research

Galaxy

Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.

Secure Your Seat

Alex Thorn

Head of Firmwide Research

Galaxy

Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.

Secure Your Seat

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.

Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

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Nathaniel Whittemore