Bitcoin's correlations with these four?

[awavewalia]

Does Bitcoin have stronger correlation with:

1) QQQ (The Nasdaq 100's Exchange-Traded Fund; pretty much the same chart as the Nasdaq itself)

2) SPY/VOO (S&P 500 ETF, normally doesn't outperform QQQ but has more stocks in it, including dividend stocks that QQQ doesn't have)

3) Gold/Silver

4) something else that's helpful to mention? Specific stock sectors (banks/energy/just Apple stock)?

What could be the weakest correlation?
If you isolate any 12 month period, you will not get accurate information. However, data from the most recent 12 months is more relevant than data from 2015 even though they both might matter.

[retaur]

I found this on a Reddit thread, these are likely the most correlated stocks to bitcoin: https://strategytracker.com/



I think other things are a bit too niche to be tracked but you should be able to load up Tradingview and have a fiddle about with overlaying charts (I think you can overlay 2 with a free account).

I'd suggest looking at emerging tech indices, AI indices as well as your suggestions..

It might go without saying but as the S&P500 has shown fairly strong correlation with Bitcoin (during bull times particularly) and as the big tech companies are the main driver of the S&P500 and make up a decent proportion of it, they'll be the ones that get a high correlation too.

Coinbase might also be well correlated with Bitcoin. I'm not sure they're as close though.

It might be worth mentioning silvergate bank was correlated to Bitcoin too until it went bankrupt.

[MarjorieZimmermanGinger]

What could be the weakest correlation?
If you isolate any 12 month period, you will not get accurate information. However, data from the most recent 12 months is more relevant than data from 2015 even though they both might matter.

Everything is important and perhaps we can look at Bitcoin's trajectory from different perspectives which may have little correlation with the four points you mentioned. However, I don't think Bitcoin's performance always depends on the four things you mentioned, even though graphics we see them almost the same. Fundamentally, there may be several factors influencing the process, and I'd like to know what kind of accurate information you're referring to. Sometimes relevant things don't always work the same, because the performance of each asset can vary, especially when talking about Bitcoin which has become a highly discussed asset.