Cathie Wood says Bitcoin's correlation with gold has turned negative
- —BTC-gold correlation held near 0.1 since 2019 and has now turned negative
- —Wood attributes rising US Treasury yields to higher real rates, not inflation expectations
- —She expects AI, robotics and blockchain to drive deflation over the long term
- —Wood called the shift a turning point in Bitcoin's favor
Why it matters: If the correlation reversal holds, Bitcoin decouples from gold and strengthens its case as an independent hedge asset.
Source: Bitcoin Sistemi