📈 Bitcoin-Gold Correlation Hits Six-Year High
The 90-day correlation between Bitcoin and gold has surged to its highest level since 2020, while BTC’s link to stocks weakened. According to Bitwise CIO Matt Hougan, this shift reflects macroeconomic trends in August, including rising concerns over currency devaluation.
Following increased U.S. Treasury bond purchases, Bitcoin jumped 22.4%, gold rose 5%, and equities declined. Investors are increasingly treating both assets as hedges—Bitcoin, in particular, is emerging as a high-conviction, “amplified” alternative to gold.
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3September 4, 2026 458
