Analyst: In the past week, Bitcoin has shown a negative correlation with the stock market, outperforming U.S. Treasury bonds

ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas posted on the X platform, "Yesterday, while the stock market fell, Bitcoin surged significantly, showing a negative correlation with the stock market over the past week or so, outperforming U.S. Treasuries (which have become unreliable again), although gold also performed comparably to its own level (-98). Of course, this is a ridiculous short-term framework, but in my view, if Bitcoin wants to be seen as a true alternative, it must achieve an increase."