Bitcoin and Gold Correlation Reaches New Highs

Bitcoin has increasingly mirrored gold's price movements over the last six months, with their four-month correlation rising to 0.56. Conversely, Bitcoin's correlation with the Nasdaq-100 has declined from 0.54 to 0.36 during the same period. This shift suggests that investors are treating both assets as similar hedges against currency devaluation and government borrowing, rather than using them as distinct insurance policies.