Quote from: cryptoboy007 on Today at 10:52:02 AM

Over this week I got thinking about the correlation of Bitcoin and the U.S stocks, and the purported claims of Bitcoin being digital gold and therefore a safe-haven. I could only conclude that all these claims contradict the true nature of Bitcoin. Maybe it will be safe to think that those who assume Bitcoin to be safe-haven are only been extreme in their support for the digital asset or attempting to shill their bag. Whichever be the case, Bitcoin is Bitcoin for what it is, a noble digital asset.

On the flip side, the commodities market has a negative correlation with stock. I am beginning to think that a cryptocurrency that tracks the price performance of the top 10 commodities by market cap will best serve as a price hedge against stocks. Just like the S&P 500 is a standalone trading asset that tracks the top 500 U.S stocks, why can't we have such in crypto to track the performance of the top 10 traditional commodities? I am trying so much not to divert the focus from Bitcoin, but look at it, this will give a lot of colors to the crypto trading market.

We will have an asset that doesn't necessarily plunge whenever Bitcoin price tanks, compared to what we are seeing in altcoins that bleed the hell out of them whenever Bitcoin makes a little downward movement.

Stocks are centralized and Bitcoins is non centralized investments , even though they might serve the same purpose their correlation is not established with 100% certainty.

This is a graph for back in 2019 , as we can see here , stock , Bitcoins , gold , they are very important but at the same time they don't mirror the movement of each other .

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BTC and ETH on the other hand are an asset that mirror the movement of each other strongly.

{Images directly taken from google}
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I do think what you are saying might be a problem , since mixing the centralized market with the non centralized one and that too the commodity market will not only be weird , it would also be unnecessary .

I really don't get the whole idea , you might try and maybe represent it more using a graph ?