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Election 2024

Is Bitcoin More Correlated to Stocks or Gold?

According to analyst Lyn Alden, bitcoin's correlation to stocks or gold depends on bitcoin’s own cycle.

By Nathaniel Whittemore
AccessTimeIconOct 11, 2020 at 1:00 p.m. UTC
Updated Aug 19, 2021 at 4:54 a.m. UTC
Presented By Icon

Election 2024 coverage presented by

Stand with crypto
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According to analyst Lyn Alden, the answer depends on bitcoin’s own cycle.

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    • This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

    Today on Long Reads Sunday, a reading of Lyn Alden’s piece for CoinDesk: “Bitcoin Correlations Depend on What Phase It Is In”

    In it, Lyn argues that bitcoin’s correlation patterns are, in part, reliant on where bitcoin finds itself in its own cycles of expansion or consolidation.

    For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.