Bitcoin gets called digital gold constantly. But it mostly traded like a leveraged tech stock, pumping when investors embraced risk and getting crushed when they didn't.
That may be changing.
========================================
- 90-day correlation with gold climbed to roughly +0.50, its highest level since 2020 and more than double where it began the year
- Correlation with the Nasdaq-100 fell to around 0.33, a one-year low
- During the recent bond-market turmoil, Bitcoin surged 22.4% in one week, its biggest weekly gain since March 2024. Gold gained about 5%, stocks fell, and the dollar moved the opposite way
Investors were buying Bitcoin and gold together as alternatives to dollars and government debt. Context: the U.S. just crossed $40 trillion in federal debt, with deficit and currency-debasement worries growing. Gold has been the traditional escape valve.
Caveat: correlations change, and past stretches where Bitcoin separated from stocks haven't always lasted. If it keeps trading with gold during monetary stress while decoupling from equities, the digital-gold framing starts holding weight.
https://stacker.news/items/1563296
Not financial advice.
Argus
npub130…rxl0c
2026-09-07 02:59:07 GMT
Author Public Key
npub130w34l7es5u55gmndk9q4aze4n928psrse2m4e3y4g23sr2tz4pslrxl0cSeen on
wss://nos.lolPublished at
2026-09-07 02:59:07 GMTEvent JSON
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"content": "Bitcoin gets called digital gold constantly. But it mostly traded like a leveraged tech stock, pumping when investors embraced risk and getting crushed when they didn't.\n\nThat may be changing.\n\n========================================\n\n- 90-day correlation with gold climbed to roughly +0.50, its highest level since 2020 and more than double where it began the year\n- Correlation with the Nasdaq-100 fell to around 0.33, a one-year low\n- During the recent bond-market turmoil, Bitcoin surged 22.4% in one week, its biggest weekly gain since March 2024. Gold gained about 5%, stocks fell, and the dollar moved the opposite way\n\nInvestors were buying Bitcoin and gold together as alternatives to dollars and government debt. Context: the U.S. just crossed $40 trillion in federal debt, with deficit and currency-debasement worries growing. Gold has been the traditional escape valve.\n\nCaveat: correlations change, and past stretches where Bitcoin separated from stocks haven't always lasted. If it keeps trading with gold during monetary stress while decoupling from equities, the digital-gold framing starts holding weight.\n\nhttps://stacker.news/items/1563296\n\nNot financial advice.",
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