Bitcoin Correlation with Gold Reaches 'Digital Gold' Levels
Bitcoin's correlation with gold has returned to levels last seen during the 2020-2021 bull run, according to Ki Young Ju, CEO of CryptoQuant. This means that investors are increasingly viewing Bitcoin as a macro hedge similar to gold.
The observation comes amid renewed investor attention for both assets due to global economic uncertainty. During the previous period, Bitcoin surged alongside gold when central banks unleashed massive stimulus, fueling fears of inflation.
A higher correlation between Bitcoin and gold suggests that investors are treating BTC as a store of value rather than a growth asset. This could be an indication that institutional investors are again viewing Bitcoin in this light.