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2026-08-28 20:42:05 UTC

RWATimes.io on Nostr: πŸ“° Grayscale Highlights Increased Bitcoin Correlation with Gold πŸ—“οΈ Aug 28 2026 ...

πŸ“° Grayscale Highlights Increased Bitcoin Correlation with Gold
πŸ—“οΈ Aug 28 2026 11:42 UTC - ForkLog

Over the past 90 days, Bitcoin's correlation with the Nasdaq 100 has decreased from 60% to 33%, while its correlation with gold has risen from nearly zero at

➀ Bitcoin's correlation with gold has significantly increased, while its correlation with the Nasdaq 100 has decreased, suggesting a shift in investor perception towards Bitcoin as a safe-haven asset.
➀ This trend is attributed to Bitcoin's scarcity, financial independence, and its utility as a store of value, especially in the context of rising U.S. national debt and potential currency devaluation.
➀ Analysts from Grayscale and Fidelity view Bitcoin as a potential liquid alternative to gold, influenced by macroeconomic factors like fiscal dominance and monetary policy.

#bitcoin #gold #correlation #grayscale #safehavenasset #scarcity #storeofvalue #usnationaldebt #currencydevaluation #fidelity

πŸ”— Read more at: https://rwatimes.io/articles/forklog-grayscale-highlights-increased-bitcoin-correlation-with-gold-4078561032