Analyst: Bitcoin’s Evolving into the Stock Market Hedge Investors Crave

Bitcoin is looking a lot less like the S&P 500 every day. Good thing, too, especially considering the doom-and-gloom pessimists have been peddling about the economy and especially corporate earnings. Bitcoin’s Stock Market Correlation Plunged This Month A Fundstrat report reveals that bitcoin’s correlation to the S&P 500 took a nose dive in April, even as the price of the leading cryptocurrency has returned to bullish territory. This means that the dynamic between bitcoin and