The historical correlation of bitcoin with traditional markets continues to decline.
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I've always had a feeling that there should an inverse correlation between Bitcoin and the stock market, and now I'm happy that it's starting to happen.
Before BTC becomes broadly accepted money, it can serve as a store of value for those who can see that it's actually better than gold in that regard.
Btc is very much immune to many things and among them is inflation. While it hasn't been noticed these while is the government and media war against bitcoin. Now it is becoming obvious how other assets lose value. The truth about Bitcoin uniqueness has emanated.
The inverse correlation will happen the more these few months and especially when the market has a speedy recovery.
But the correlation view is grossly subjective and most times favours bitcoin when it is viewed from the angle of traders switching from one assets to anyone because if price effects.