Agreed - I think the huge volatility in the stock markets has people fleeing to other types of assets (e.g., gold, BTC, commodities, etc.). As a result, you're actually seeing the correlation between BTC and other alt coins fall. Last I checked, BTC and ETH were only correlated around .6 in terms of movements (down from .8 last year).

I don't hate this though since it allows me to invest in BTC as a store of value, as you noted, and ETH as more of a technology and blockchain platform. Great post.