Gold supporter Peter Schiff: Bitcoin is positively related to risky assets such as stocks and negatively related to safe-haven assets such as gold

Gold supporter Peter Schiff tweeted today that Bitcoin is no longer an unrelated asset. It is positively related to risk assets such as stocks and negatively related to hedge assets such as gold. When risk assets fall, Bitcoin falls more. But when the risky asset rises, bitcoin appreciates less, and it has no value.