SummaryWhile correlations are just one factor to consider when investing in Bitcoin and Bitcoin-related equities, it remains a widely discussed topic especially given the state of the current market.Over the years, correlations with equities have climbed, causing investors to wonder whether coupling of Bitcoin and equities is a long-term trend or a short-term occurrence.Higher correlations with equities are not necessarily bad, especially for investors that are using Bitcoin and Bitcoin-related equities as a portion of a larger allocation to the technology sector or as a return enhancer.While correlations are just one factor to consider when investing in Bitcoin (BTC-USD) and Bitcoin-related equities, it remains a widely discussed topic especially given the state of the current market. There are two separate debates we often see regarding Bitcoin correlations: 1) how much is Bitcoin correlated to equities and what does that mean? and 2) how well do different indirect crypto investments correlate with Bitcoin?Question 1: How much is Bitcoin correlated to equities and what does that mean?During most of Bitcoin’s lifespan, it exhibited low or even negative correlation to broader equities. Because of Bitcoin’s negative correlation, it was often viewed as a portfolio diversifier/inflation hedge. Over the years, correlations with equities have climbed, causing investors to wonder whether coupling of Bitcoin and equities is a long-te...