Binance Research: BTC's low correlation with oil, gold aids risk management

Binance Research said on X that Bitcoin (BTC) has the potential to be an effective tool for portfolio diversification and a component in an "all-weather" asset allocation strategy, which seeks stable returns regardless of market conditions. According to the analysis, the average correlation between BTC and crude oil since 2020 has been approximately 0.176, while its correlation with gold has been around 0.1336, both indicating very low levels.