Bitcoin-Gold Correlation Surges Amid Macro Risks, Shiba Inu Whale Presence Shrinks
The correlation between Bitcoin and gold has reversed, now at +0.7 after being -0.9 just months ago.
This shift is attributed to macroeconomic risks, such as US fiscal pressure and geopolitical tensions, driving capital into both assets.
CryptoQuant CEO Ki Young Ju believes the era of 'digital gold' is returning, with spot ETFs accelerating this process by allowing funds to buy both assets within the same portfolios.