Bitcoin-Gold Correlation Tops 50% as Debt Fears Return, Grayscale Says
Bitcoin’s 90-day link with gold rose above 50% as its Nasdaq 100 correlation fell to about 33%, Grayscale said.
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7 Articles
While the Nasdaq patauge and the gold does the job of safe haven value, the bitcoin invites himself to the table of the greats, flirts dangerously with the yellow metal and lets the markets watch for every word of Kevin Warsh. The bitcoin article detachs from the Nasdaq and gets closer to the gold appeared first on Cointribune.
CoinStats - Bitcoin’s correlation with gold hits 50% as E...
🚨 Bitcoin’s 90-day correlation with gold climbed above 50% amid a major price rally. 💰 Spot Bitcoin ETFs gathered $3.04 billion in inflows as BTC surged nearly 28% in August. 📉 At the same time, US federal debt hit $40 trillion, adding to investor anxiety. 🔎 Institutional demand in $BTC linked to macroeconomic risks and debasement concerns. Continue Reading:Bitcoin’s correlation with gold hits 50% as ETFs add $3 billion in August The post Bi…
Grayscale: Bitcoin-Gold Correlation Tops 50%
Grayscale’s research arm says Bitcoin’s 90-day correlation with gold has climbed above 50% this year, while its correlation with the Nasdaq 100 has fallen from over 60% to roughly 33% — a rotation the asset manager frames as the return of the “debasement trade.” In a note published on August 27 titled “Regime Shift: Bitcoin and the Return of the Debasement Trade,” Grayscale Head of Research Zach Pandl said the shift may reflect renewed investor …
Bitcoin Moves Closer to Gold as Its Nasdaq Connection Weakens
Summary: Bitcoin’s 90-day correlation with gold has climbed above 50%, according to Grayscale. Its correlation with the Nasdaq 100 has […] The post Bitcoin Moves Closer to Gold as Its Nasdaq Connection Weakens appeared first on CoinsPress.
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