📈 Bitcoin-Gold Correlation Hits Six-Year High
The 90-day correlation between Bitcoin and gold has surged to its highest level since 2020, while Bitcoin’s link to equities has weakened. According to Bitwise CIO Matt Hougan, this shift reflects market reactions to macro developments in August.
Following the surge in US Treasury bond purchases, Bitcoin climbed 22.4%, gold rose 5%, and stocks declined. Investors are increasingly turning to both assets as hedges against currency devaluation—with Bitcoin emerging as a “more amplified version of gold.”
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1September 4, 2026 4.1K 1
