Crypto VC: Bitcoin And S&P 500 Trading At Near-Zero CorrelationCrypto VC: Bitcoin And S&P 500 Trading At Near-Zero Correlation – Altcoin Today
- The crypto market ‘s lack of correlation with traditional equities, like American stocks, bonds, and real estate, has always been an integral part of the tantalizing, entrancing nature of Bitcoin.
- However, Pompliano, a founder of Morgan Creek Digital known for his anti-bank, pro-Bitcoin rhetoric, begged to differ.
- In the CNBC interview, the former Facebook employee noted that the correlation between BTC and the S&P 500 (SPX) is practically non-existent near-zero, adding that this is much of the same with the U.S. dollar index.
- Per Su Zhu, the chief executive and investment officer at Three Arrows Capital, the two aforementioned benchmarks have continued in a non-related matter, even through periods of high and low volatility.
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