Matrixport: Currently, the correlation between Bitcoin and the Nasdaq index is low

ChainCatcher news, Matrixport officially stated on social media that people generally believe Bitcoin represents a bet on the future of technology. Historically, Bitcoin has shown a correlation with the Nasdaq index (the benchmark index for U.S. tech companies).

In the past two years, Bitcoin has outperformed the Nasdaq index by 73%. Although the correlation between Bitcoin and the Nasdaq index has sometimes been high, the current correlation is only 9%, indicating that investors can achieve uncorrelated returns. Incorporating high-return, uncorrelated assets into a portfolio is undoubtedly an extremely attractive strategy for investors.