Grayscale Says $BTC Is Starting to Trade Differently 👀 They spotted a pretty noticeable change in Bitcoin’s market behavior. Over the past 90 days: 🥇 Bitcoin correlation with gold → from near 0 to above 50% 💻 Bitcoin correlation with Nasdaq 100 → from 60%+ to around 33% In simple terms, Bitcoin has recently been moving more like gold and less like a tech stock. That doesn’t mean $BTC will now follow gold price-for-price. A 50% correlation only tells us that their daily moves have been lining up much more often over this 90-day period. 👉 Grayscale’s Zach Pandl connects the shift to the return of the debasement trade: US debt has passed $40T, deficits remain large, and investors are again looking at scarce assets as protection against long-term currency depreciation. For Bitcoin, that narrative fits neatly: no central issuer and a fixed 21M supply, so more and more investors may be starting to price it less as another high-beta tech trade and more as a monetary asset. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#