Bitcoin-gold correlation hits 99.5th percentile since 2020
- —120-day BTC correlation with gold is 0.52, with SPY 0.34, with QQQ 0.33
- —Since the start of 2026, correlation with gold is +0.43 versus +0.09 in 2025
- —30-day correlation +0.68, 90-day +0.63 — around the 99th percentile
- —BTC realized volatility is in the bottom fifth of its historical range
Why it matters: Bitcoin's shift toward a monetary asset profile changes the logic of hedging and correlation strategies for institutions.
Source: The Coin Republic