TechFlow, April 22 — Bloomberg senior ETF analyst Eric Balchunas tweeted that the recent rise in Bitcoin prices contrasted with a decline in stock markets, showing negative correlation with equities over the past week and outperforming U.S. Treasuries (again highlighting its volatility). Although gold shows stronger negative correlation (-98), even this shorter-term performance is a positive sign for Bitcoin's pursuit of being recognized as a genuine alternative asset.
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