₿ Bitcoin Decouples From Nasdaq, Moves Closer to Gold
Bitcoin's correlation with the Nasdaq is weakening while its relationship with gold strengthens, according to new analysis from Grayscale. The shift suggests investors are increasingly treating Bitcoin as a store of value rather than a tech-adjacent risk asset.
The change comes as U.S. debt levels and fiscal concerns push the "debasement trade" back into focus — the idea that hard assets like gold and Bitcoin hold value better than fiat currency when government debt expands rapidly.
Grayscale's data points to a meaningful realignment in how institutional investors are positioning Bitcoin within broader portfolios — less speculative tech bet, more macro hedge.
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1August 29, 2026 958 1
