What the Surprising Correlation Between Bitcoin and Software Stocks Can Tell Us

Bitcoin (BTCUSD) was originally marketed as a non-correlated digital asset and a hedge against fiat debasement. However, market behavior now contradicts that thesis. Price action in the benchmark digital asset increasingly aligns with risk-on, growth-oriented assets, and not defensive hedges. Correlation analysis shows Bitcoin trading less like digital gold and more like a high-beta software equity. More News from Barchart Correlation Evidence: Bitcoin and IGV The strong correlation between Bitcoin and ...