Bitcoin Is Trading Like Gold Again, Bitwise Says the Last Time Was 2020
WorldPing
Bitcoin’s 90-day correlation with gold has climbed to its highest level since the 2020 stimulus wave, according to Bitwise, and the firm’s chief investment officer says the $40 trillion U.S. debt pile leaves investors with two trades worth owning.
This is a short WorldPing brief. The full report was published by Bitcoin.com.
Bitcoin and gold are trading more like each other than at any point since 2020, even as their latest divergence tests that relationship. Their 90-day correlation has climbed to about 0.
Brief by WorldPing · Original reporting by CryptoSlate
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Brief by WorldPing · Original reporting by Bitcoin.com