Bitcoin-Gold Correlation Hits Highest Since 2020 at 55%
- —Bitcoin's 90-day correlation with gold hit 55% in September, the highest since 2014
- —The correlation currently stands at 51%
- —BTC's correlation with the S&P 500 and Nasdaq-100 fell from 62% in February to about 40%
- —The rise accelerated in August after the US Treasury expanded its bond buyback program
Why it matters: A stronger link to gold may signal that investors are starting to treat Bitcoin as a complementary safe-haven asset amid rising public debt and sticky inflation.
Source: Comparic