Bitcoin Price is Moving Like Gold, and Grayscale Says It's No Coincidence
Grayscale’s research arm warned this week that Bitcoin’s correlation with gold has climbed above 50%, a shift the asset manager frames as the return of the debasement trade. The finding marks a sharp reversal from recent years, when Bitcoin frequently traded in step with growth stocks rather than hard assets. How Grayscale Measured Bitcoin’s Shift The post Bitcoin Price is Moving Like Gold, and Grayscale Says It's No Coincidence appeared first on BeInCrypto.
Key Takeaways
- Grayscale’s research arm warned this week that Bitcoin’s correlation with gold has climbed above 50%, a shift the asset manager frames as the return of the debasement trade.
- The finding marks a sharp reversal from recent years, when Bitcoin frequently traded in step with growth stocks rather than hard assets.
- How Grayscale Measured Bitcoin’s Shift The post Bitcoin Price is Moving Like Gold, and Grayscale Says It's No Coincidence appeared first on BeInCrypto.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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