Correlation is calculated using specific data at specific times and is a mathematical equation. It's not about graphs and empirical observations.
In fact, Bitcoin and the S&P500 (US market) are astonishingly highly correlated.
I 've collected the prices on April 1st of each year from 2015 until 2025 (10 years of historical data).
The results give a 0.959484 correlation.
In fact, Bitcoin and the S&P500 (US market) are astonishingly highly correlated.
I 've collected the prices on April 1st of each year from 2015 until 2025 (10 years of historical data).
The results give a 0.959484 correlation.
Nice calculations that prove nothing. I mean the bitcoin price multiplied by 400 in that period while the S&P only like by 2.55 and they are supposed to be highly correlated?
The supposed correlations are human patterns, they do not exist, they are regularities that we project to better understand the phenomena.
I have to remind you of the classical example of people drowning in pools correlated to Nicolas Cage appearing in films.