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> Chris Burniske and Jack Tatar suggest that crypto assets have low/negative correlation with traditional asset classes The DJIA and Bitcoin charts seem well c
by tardygrad 9y ago
> Chris Burniske and Jack Tatar suggest that crypto assets have low/negative correlation with traditional asset classes
The DJIA and Bitcoin charts seem well correlated, at least over the past month:
DJIA: https://www.marketwatch.com/investing/index/djia https://www.marketwatch.com/investing/index/djia
Bitcoin:https://bitcoincharts.com/charts/bitstampUSD#rg30ztgCzm1g10zm2g25zvzcv https://bitcoincharts.com/charts/bitstampUSD#rg30ztgCzm1g10z...
In my opinion people treat it as they would any speculative asset.
- freejulian 9y agoHuh? You can’t cherry pick your data and claim something is “well correlated”. Well researched data shows bitcoin has no correlation to any exising asset class which is why it’s a great risk reducer to add to a portfolio.
- acjohnson55 9y agoYour retort would be more convincing if you linked to some sources.
- freejulian 9y agohttps://www.signalplot.com/what-is-bitcoins-correlation-with-other-financial-assets/ https://www.signalplot.com/what-is-bitcoins-correlation-with...