Eric Balchunas: Bitcoin's correlation with US stocks is lower than gold, small cap stocks, emerging markets, and US bonds

Eric Balchunas, an analyst at Bloomberg ETF, said that the correlation between Bitcoin and US stocks in the past six months was lower than that of gold, small cap stocks, emerging market stocks and US treasury bond bonds. Eric Balchunas pointed out after checking that the correlation of Bitcoin is about 0.40, and the correlation between gold and US treasury bond bonds has increased, and it is not supported that Bitcoin is only related to QQ.