No, they are not.

This is the same speculation as stocks and bitcoin. Whenever the two have good and bad effects, the other is sometimes going with the flow or doing the opposite. That’s the correlation that many have been speaking but in all understanding, they are not connected.

We seem to compare them because these two are the hottest assets that we have in the world. But if ever bitcoin moves and the other plunges, there’s no connection to it. That’s the only typical market that we see.