Bitcoin-Gold Correlation Hits 6-Year Peak Near 0.50
The Treasury's Aug 19 buyback doubling is doing more than just adding liquidity; it is repositioning Bitcoin as a parallel savings asset alongside gold, not a tech-stock proxy.
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The Treasury's Aug 19 buyback doubling is doing more than just adding liquidity; it is repositioning Bitcoin as a parallel savings asset alongside gold, not a tech-stock proxy.
The last two correlation spikes (Q4 2020, Q4 2022) preceded $BTC rallies of 172% and 350%, framing this print as an early-cycle tell rather than a top signal.
JPMorgan has flagged that the so-called debasement trade — the thesis that Bitcoin serves as a hedge against fiat…