What Is Bitcoin's Correlation with Other Financial Assets?

The conclusion is not well founded. The fact that bitcoin does not correlate well with macro factors could just mean that the bitcoin ecosystem is too small. It is instead more responsive to internal developments than external pressures. However as the ecosystem grows larger and more stable that would presumably change.

People arguing that bitcoin is digital gold are saying it has better intrinsic properties in service of a store of wealth goal than gold has. That doesn’t mean the market treats it that way, yet.

Bitcoin will definitely go up when trump nukes rocket man this week