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

Matrixport officially stated on social media that people generally believe Bitcoin represents a bet on the future of technology. Historically, there has been a correlation between Bitcoin and the Nasdaq index (the benchmark index for U.S. tech companies). Over the past two years, Bitcoin's performance has exceeded the Nasdaq index by 73%. Although sometimes the correlation between Bitcoin and the Nasdaq is high, currently it is only 9%, indicating that investors can achieve uncorrelated returns. Including high-return, uncorrelated assets in an investment portfolio is undoubtedly an attractive strategy for investors.