Dow Jones: Bitcoin's correlation with the S&P 500 is 0.21 since November 2014, and its correlation with gold is 0.09

According to a data analysis conducted by Dow Jones Market Data, the rolling correlation between gold and the SP 500 index has been 0 since 1975, meaning there is no linear relationship (1 represents perfect positive correlation). Since November 2014, the correlation between Bitcoin and the SP 500 index has been 0.21, while the correlation between Bitcoin and gold has been 0.09. George Milling-Stanley, Chief Gold Strategist at State Street Global Advisors, stated that the returns of Bitcoin in its short lifespan should not be ignored, but investors should be aware that given Bitcoin's greater volatility compared to gold over the past 15 years, it has also added significant risk to their investment portfolios as they seek returns.