Bitcoin Gold Correlation Hits Record High Amid Currency Concerns

Investors are increasingly viewing Bitcoin and gold as scarce assets that can hedge against currency debasement, driving their correlation to +0.50.

The 90-day correlation between Bitcoin and gold prices has nearly matched its all-time high set during the 2020 pandemic, after more than doubling from early 2026 levels.

Meanwhile, Bitcoin's correlation with the Nasdaq 100 has fallen to about 0.30, marking a one-year low and signaling a sharp change in how BTC trades alongside traditional markets this year.

The recent surge in Treasury debt buybacks from $2 billion to at least $4 billion per operation may have accelerated the shift towards gold and Bitcoin.