A recent report by 21Shares showed a weakening long-term correlation between Bitcoin and the S&P 500, with long-term crypto investments returning more.
Bitcoin Correlation to S&P 500 Lower in the Long-term
Additionally, the report showed that at 0.07, there is almost no correlation between Bitcoin and gold. From this, 21Shares concluded that the two assets present “unique diversification resources for investors’ portfolios.”
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