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Performance of Major Asset Classes in April
As shown in the chart, Bitcoin outperformed both gold and the S&P 500 index in April, despite a significant drop at the beginning of the month.
The correlation between Bitcoin and the S&P 500 index remains strong. In fact, the S&P 500 index has only slightly outperformed Bitcoin, indicating that Bitcoin closely follows the dynamics of the index.
The conclusion is clear and optimistic: Bitcoin reflects the movements of the S&P 500 index, but with a higher alpha coefficient.
