According to a report by Redstone Oracles, Bitcoin's correlation with US equities varies, leading to questions about its effectiveness as a safe-haven asset. The study indicates that Bitcoin shows a strong negative correlation with the stock market only in the short term, while a 30-day analysis reveals a fluctuating correlation between 0.4 and -0.2. This variability suggests Bitcoin does not reliably serve as a hedge against market downturns. However, the report emphasizes Bitcoin's value as a portfolio diversifier, noting an impressive annualized return of over 230% over the past five years, which exceeds traditional safe-haven assets like gold and bonds. Marcin Kazmierczak, co-founder of Redstone, states that while Bitcoin has potential as a future safe-haven asset, it needs to mature further, with institutional adoption likely to play a critical role in reducing its volatility. The latest data shows Bitcoin's volatility is decreasing, indicating growing acceptance as a long-term investment.

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