@lennicholas
Bitcoin’s correlation with gold shifts depending on macroeconomic stress and investor perception of “store of value.” Recently, BTC’s correlation has fluctuated, sometimes moving closer to equities than gold. During inflationary fears or geopolitical uncertainty, BTC has shown gold-like behavior, attracting safe-haven demand. However, speculative inflows and ETF anticipation often push BTC to behave like a risk asset. Short-term data suggests BTC–gold correlation remains low but spikes during crises. Tracking rolling correlation indices helps identify shifts, highlighting when BTC trades as “digital gold” versus “tech equity.”
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