The Price Of Bitcoin And Equities Are Correlated

Bitcoin is not meant to be an asset that is correlated to things like commodities and equities.

However, it is–and if you are a chart-watcher you have likely seen bitcoin move in line with other markets. The clearest example of this has been shown in big bitcoin moves when certain countries’ markets open. South Korea was a strong example and London often moves bitcoin at open.

Another example has been when equity indexes move and ten minutes or so later or roughly the time in takes for the blockchain to do its thing the price of bitcoin sets off in a new direction.

It would be a funny world if bitcoin did not correlate with other markets because anything linked to ‘fiat’ is a conduit for hedging and arbitrage where lots of potentially easy money is to be had. This is especially true for immature assets like bitcoin where the armies of traders have not refined their armament into the super-efficient…