Is Bitcoin Correlated With Stocks? What IMF Data Shows
IMF: Bitcoin and the S&P 500 had a 0.01 correlation in 2017–19 and 0.36 in 2020–21. What changed, what it means for diversification, limits.
3 articles
IMF: Bitcoin and the S&P 500 had a 0.01 correlation in 2017–19 and 0.36 in 2020–21. What changed, what it means for diversification, limits.
Griffin and Shams (Journal of Finance): Tether flows followed price drops and preceded Bitcoin rises. What they measured, what they could not prove.
Liu and Tsyvinski (Review of Financial Studies): bitcoin returns show time-series momentum and respond to attention. Numbers, sample and limits.