Bitcoin’s link to gold is at a near six-year highBitcoin gained 22.4% in a week after the US Treasury stepped up purchases of long-dated bonds — its best week since March 2024. Gold added about 5% and stocks fell.
When things get serious, investors are discriminating less and less between bitcoin and gold. In those scenarios bitcoin looks like an amplified version of gold
— André Dragosch, Bitwise
The last time the 90-day reading between the two was this high was 2020, with central banks flooding markets with money.
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