Bitcoin's Correlation with Gold Doubles Amid Rising Fiscal Concerns

Bitcoin's correlation with gold has surged to +0.50 over the past 90 days, more than doubling since early 2026 and nearing the 2020 pandemic record.

This shift reflects growing investor interest in Bitcoin and gold as scarce assets and potential hedges amid rising fiscal and currency concerns, especially following the US Treasury's decision to double debt buybacks.

The correlation with the Nasdaq 100 has dropped to about 0.30, its lowest in a year, highlighting Bitcoin's evolving role away from traditional tech stocks toward safe-haven assets like gold.