š GRAYSCALE: BITCOIN IS GRADUALLY LOOKING MORE LIKE āTECHNICAL GOLDā
š Zach Pandl, Research Director at Grayscale, said that Bitcoinās 90-day correlation with the Nasdaq 100 fell from more than 60% to about 33%, while its correlation with gold rose from nearly 0 to over 50%.
š This shift suggests the market may be viewing Bitcoin less like a tech asset and more like a scarce assetāindependent of currency and a store of value.
š Against the backdrop of U.S. federal debt surpassing $40 trillion and persistent budget deficits, the ādebasement tradeā story is returning. Gold and Bitcoin benefit together when investors look for assets with limited supply.
ā ļø In my opinion, this is a highly notable change. If the BTCāgold correlation continues to rise while the correlation with the Nasdaq keeps falling, Bitcoin may be entering a new market regimeāwhere scarcity and value preservation matter more than the technology angle.
š HOT COINS TRADING HERE š
$MOVR
$HEMI
$PROM
š Zach Pandl, Research Director at Grayscale, said that Bitcoinās 90-day correlation with the Nasdaq 100 fell from more than 60% to about 33%, while its correlation with gold rose from nearly 0 to over 50%.
š This shift suggests the market may be viewing Bitcoin less like a tech asset and more like a scarce assetāindependent of currency and a store of value.
š Against the backdrop of U.S. federal debt surpassing $40 trillion and persistent budget deficits, the ādebasement tradeā story is returning. Gold and Bitcoin benefit together when investors look for assets with limited supply.
ā ļø In my opinion, this is a highly notable change. If the BTCāgold correlation continues to rise while the correlation with the Nasdaq keeps falling, Bitcoin may be entering a new market regimeāwhere scarcity and value preservation matter more than the technology angle.
š HOT COINS TRADING HERE š
$MOVR
$HEMI
$PROM
