Bitcoin-Gold Correlation Hits Six-Year High Amid Institutional Shift
The correlation between Bitcoin and gold has hit a six-year high, according to Andre Dragosch, head of research at Bitwise. This shift indicates that institutions are no longer treating them as separate trades.
Dragosch notes that the current situation is remarkable given gold's long history as an institutional asset. ETP flows into Bitcoin-related products have actually exceeded gold ETF flows.
The AI trade, which drew capital away from hard assets like Bitcoin for most of 2026, now appears to be exhausting itself. This has led to a significant rally in Bitcoin, with prices rising nearly 30% since June.