@dfhikry6
Since 2025, Bitcoin’s correlation with gold has dropped from 0.6 to -0.2, reflecting:
Risk-on/off divergence: Bitcoin tracks Nasdaq (+0.7 correlation), gold tracks bonds (-0.5).
Institutional rotation: $2.8B flowed from gold ETFs to Bitcoin ETFs in Q2 2025.
Store-of-value rivalry: Bitcoin’s 130% 2024–2025 return vs. gold’s 16% eroded its "digital gold" narrative.