๐ Bitcoin-Gold Correlation Hits Six-Year High
The 90-day correlation between Bitcoin and gold has surged to levels not seen since 2020, marking a six-year peak. Meanwhile, Bitcoinโs link to equities has weakened significantly. According to Bitwise CIO Matt Hougan, this shift reflects market reactions to macroeconomic developments in August.
Following the surge in US Treasury bond purchases, Bitcoin jumped 22.4%, gold rose 5%, and stocks declined. Investors are increasingly turning to both assets as hedges against currency devaluationโwith Bitcoin emerging as a kind of โamplified version of gold.โ
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1September 4, 2026 987 1
