<p>There was an article a while ago, probably CoinDesk but I can't find it at the moment. Basically the study concluded that Bitcoin never sleeps. Overall trading volume doesn't correlate with open/close times in any particular timezones. If volume doesn't change with the time of day I don't think the price will either.</p>

CC BY-SA 3.0
2014-11-19T22:22:48.700Z
2014-11-19T22:22:48.700Z
George
<p>I would like to know if there is a correlation between business cycle and Bitcoin price, whether it is negative or positive.</p>

<p>I am wondering because Bitcoin is deemed as commodity in my country's law, and commodity prices tend to have strong correlations with business cycles. (i.e. gold, oil, ...)</p>

<p>Any suggestions or evidence?</p>

CC BY-SA 3.0
2014-11-17T23:38:23.600Z
Bitcoin might be considered a commodity by your country's law, but that sure doesn't mean it *acts like* one.
Greg Hewgill
CC BY-SA 3.0
2015-05-19T03:07:53.143Z
I suspect that it would be much more strongly correlated with the amount of media attention it gets.
Nick ODell
<economic-theory>
Correlation between business cycle and BTC price
mc9
# Correlation between business cycle and BTC price

(Asked by: username_0 on 2014-11-17)

I would like to know if there is a correlation between business cycle and Bitcoin price, whether it is negative or positive.

I am wondering because Bitcoin is deemed as commodity in my country's law, and commodity prices tend to have strong correlations with business cycles. (i.e. gold, oil, ...)

Any suggestions or evidence?

**Tags:** economic-theory

> **Comments:**
> **username_1**: Bitcoin might be considered a commodity by your country's law, but that sure doesn't mean it *acts like* one.  
> **username_2**: I suspect that it would be much more strongly correlated with the amount of media attention it gets.  

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## 1 answers

### Answer by username_3 on 2014-11-19. Score: 1

There was an article a while ago, probably CoinDesk but I can't find it at the moment. Basically the study concluded that Bitcoin never sleeps. Overall trading volume doesn't correlate with open/close times in any particular timezones. If volume doesn't change with the time of day I don't think the price will either.


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