Exasperated, one tosses up a last line: bitcoin’s correlation with bonds, represented by the iShares 20+ Year Treasury Bond ETF (TLT, in yellow). If the cryptocurrency isn’t trading with stocks or gold, certainly, it’s tight with bonds, right? Wrong. Compared to the others, that line is sticking to 0 the way Seth Rogen sticks to bad scripts. That also holds for commodities (as represented in green by the iShares S&P GSCI Commodity-Indexed Trust).
