Bitwise: Bitcoin Decouples from Equities, Entering 'Digital Gold' Pricing Cycle

Bitwise research indicates that Bitcoin is increasingly behaving like 'digital gold' rather than a leveraged tech stock. The 90-day rolling correlation between Bitcoin and gold has reached a six-year high, while its correlation with U.S. equities has hit a one-year low. This shift suggests that investors are utilizing Bitcoin alongside gold as a hedge against currency devaluation amid rising macroeconomic risks and government intervention.