Odaily Planet Daily News: In the past 12 months, the Total World Indices has risen 28%, and both Bitcoin and gold have thrived in the global bull market. Although unlike gold, which is at an all-time high, Bitcoin is still 6% below its all-time high. However, the standard correlation value of Bitcoin and gold has dropped from more than 50% four years ago to nearly 0 today. The 90-day smoothed price charts of Bitcoin and gold are also less similar than ever before. Specifically, in October 2020, Bitcoin's average daily return over a 90-day rolling period once had a 50% positive correlation with gold's 90-day rolling return. However, today Bitcoin trades completely independently of gold. Currently, the 90-day correlation between Bitcoin and gold is only 0.04. This means that over a three-month rolling period, the average return of gold has little effect on the average return of Bitcoin. (Protos)

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