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Correlation Analysis of Digital Assets, Gold, and US Equities



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Authored by William CaiThe digital asset space has significantly evolved over the past several years. In December 2020, bitcoin breached its all-time high of $20,000 achieved in December 2017 (and rallied from a low near $3,000 in December 2018). It has been quite a journey in terms of price movement, but perhaps more importantly, the past three years have seen continuing institutional acceptance and adoption of digital assets.
Bitcoin remains the leader and bellwether of digital assets in terms of market cap, institutional investments, etc. But let us take a look at how other digital assets have matured in the meantime. Correlation is a good …

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