Is Bitcoin Now a Stock Market Indicator?

There's been talk for a while about whether bitcoin has any correlation to the stock market, but it seems to be clearly moving in that direction. Interesting interview with Reuters with Jeffrey Gundlach of DoubleLine Capital calling bitcoin a "new stock market indicator". He says the tie-in here is obvious...

http://www.businessinsider.com/gundlach-bitcoin-leads-stock-market-movements-2018-4

Share this post


Link to post
Share on other sites

yeah, definitely, but many will point out that the correlation is really between the VIX and Bitcoin, rather than Bitcoin and the stock market itself but it seems to me that Gundlach is taking this further.

 

Screen Shot 2018-04-02 at 11.44.41 PM.png

Share this post


Link to post
Share on other sites

so the vix is up over 80% this quarter ... that suggest a bitcoin rally?

 

Screen Shot 2018-04-02 at 11.51.44 PM.png

Share this post


Link to post
Share on other sites

10 minutes ago, Blockchainbull said:

yeah, definitely, but many will point out that the correlation is really between the VIX and Bitcoin, rather than Bitcoin and the stock market itself but it seems to me that Gundlach is taking this further.

 

Screen Shot 2018-04-02 at 11.44.41 PM.png

your chart doesn't capture ultra volatile march...

Share this post


Link to post
Share on other sites
Sign in to follow this  
Followers 0