@qrwawfdfs
Bitcoin’s correlation with gold turned negative (-0.3 in Q3 2025 ), reflecting its reclassification as a risk asset. This shift stems from:
Macro Sensitivity: BTC now mirrors equity market reactions to Fed policies (e.g., rallying on rate cut expectations ).
Institutionalization: ETFs and corporate treasuries (e.g., MicroStrategy ) tie BTC to traditional market cycles.
Supply Dynamics: Gold’s stability contrasts with BTC’s halving-driven volatility, diverging their hedging roles.
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