🥇 Bitcoin Is Starting to Trade More Like Gold
Something interesting is happening with BTC.
According to Grayscale, Bitcoin's 90-day correlation with gold has climbed above 50%, while its correlation with the Nasdaq 100 has fallen sharply to around 33%.
That suggests a potential shift in how investors are viewing Bitcoin.
Instead of treating BTC purely as a high-risk tech asset, investors may increasingly be positioning it alongside gold as a scarce asset and hedge against monetary and fiscal uncertainty.
And with U.S. federal debt now above $40 trillion, the so-called debasement trade is becoming harder to ignore.
Is Bitcoin slowly becoming "digital gold" in the eyes of the market? 👀
$BTC $XAU $ETH
#Bitcoin #Gold #Macro #Crypto #Investing
Something interesting is happening with BTC.
According to Grayscale, Bitcoin's 90-day correlation with gold has climbed above 50%, while its correlation with the Nasdaq 100 has fallen sharply to around 33%.
That suggests a potential shift in how investors are viewing Bitcoin.
Instead of treating BTC purely as a high-risk tech asset, investors may increasingly be positioning it alongside gold as a scarce asset and hedge against monetary and fiscal uncertainty.
And with U.S. federal debt now above $40 trillion, the so-called debasement trade is becoming harder to ignore.
Is Bitcoin slowly becoming "digital gold" in the eyes of the market? 👀
$BTC $XAU $ETH
#Bitcoin #Gold #Macro #Crypto #Investing
