Grayscale: Bitcoin’s correlation with gold rises above 50% as “debasement trade” returns Grayscale Head of Research Zach Pandl said Bitcoin’s 90-day correlation with the Nasdaq 100 has fallen from over 60% to roughly 33%, while its correlation with gold has risen from near zero…
the start of the year to above 50%. Pandl said the shift may reflect renewed investor focus on Bitcoin’s scarcity, monetary independence and role as a store of value
With U.S. federal debt surpassing $40 trillion and persistent fiscal deficits bringing the “debasement trade” back into focus, he argued that Bitcoin and other scarce digital assets may be entering a more favorable market regime. — link