Gold and BTC Correlation Surges Amid Inflation Data Disparity

Peter Schiff pointed out that gold and Bitcoin react differently to inflation data. On Wednesday's CPI print, gold rose 1.5%, while Bitcoin fell 0.4%. This disparity supports Schiff's claim that they are distinct asset classes.

However, CryptoQuant CEO Ki Young Ju noted that the correlation between gold and BTC has rebounded to 'digital-gold-era levels.' The 90-day correlation is now around positive 0.7, having previously been near negative 0.9 in early 2026.

This shift suggests that Bitcoin is once again being priced as a scarce, non-sovereign asset rather than purely as a high-beta tech trade. Spot ETFs may be contributing to this connection by allowing institutions to hold both assets within similar portfolio frameworks.