the author was very lazy, eye catching headline tho;
this article looks into the correlation a little deeper. Keep in mind BTC is still in its infancy, and NO 2 assets are 100% correlated.....does BTC and equities have a clear inverse relationship? how did BTC do in the equity crash of late 2018?
https://www.bitcoinmarketjournal.com/bitcoin-and-stock-market/
Is Bitcoin Correlated with the Stock Market? The Answer, in Charts and Graphs
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Is Bitcoin Correlated with the Stock Market? The Answer, in Charts and Graphs
<time class="entry-date published updated" datetime="2019-01-03T08:00:35+00:00" style="box-sizing: border-box; font-size: 14px; font-family: "Roboto Condensed", sans-serif; color: rgb(139, 150, 160); border: 1px solid rgb(223, 224, 224); margin: 0px 10px 0px 0px; padding: 0px 10px; border-radius: 3px; display: inline-block;">January 3, 2019 8:00 am</time> by Lucas Hahn
3,476 Investors read this
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How are digital currencies like bitcoin correlated with traditional assets, such as stocks and bonds?
When stocks rise, does the price of bitcoin tend to rise or fall?
The consensus is that the correlation between bitcoin and stocks is weak.
In May,
Bitwise Asset Management stated that bitcoin’s correlation with bonds was just 0.25. Bitcoin’s correlation with stocks was even lower, just 0.12.
There was no clear relationship between bitcoin and stocks in 2018. Bitcoin’s correlation with stocks, 0.07, is very close to zero.
Looking Ahead
What will the relationship between bitcoin and stocks look like in 2019? Will Bitcoin remain uncorrelated with the stock market?
In recent weeks, bitcoin and stocks have moved in opposite directions. The S&P 500 is down 9.5 percent since December 13, while bitcoin is up 16.4 percent.
Bitcoin’s low prices might attract investors looking for uncorrelated assets in 2019.
Furthermore, bitcoin might do well in a downturn. In October, a
Fundstrat survey found that 72 percent of institutional investors think the price of bitcoin could rise during a recession.
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