Over the past six months, Bitcoin's correlation with U.S. stocks has been lower than that of gold, small-cap stocks, emerging markets, and U.S. Treasuries

Odaily News: Bloomberg ETF analyst Eric Balchunas stated on the X platform that over the past six months, Bitcoin's correlation with U.S. stocks has been lower than that of gold, small-cap stocks, emerging market equities, and even U.S. Treasuries. Eric Balchunas noted that he verified the data after seeing related posts. Bitcoin's correlation has remained around 0.40, while correlations for gold and U.S. Treasuries have increased. Eric Balchunas said that although this time window is relatively short, the situation is still worth noting and does not support the claim that "Bitcoin is only correlated with QQQ."