Bitcoin-gold correlation rises as BTC follows gold’s path to store of value
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Bitcoin’s correlation with gold has climbed above 0.85 as both assets attract investors seeking stability amid inflation and global uncertainty.
Bitcoin’s correlation with gold is climbing as both assets strengthen their reputations as hedges against macroeconomic uncertainty, according to CryptoQuant CEO Ki Young Ju.
In a Tuesday post on X, Ju noted that the BTC–gold correlation has risen sharply alongside gold’s surge to new all-time highs. “Gold keeps hitting new ATHs. BTC–gold correlation is high; digital gold narrative still alive. Inflation hedge demand isn’t dead yet,” he wrote.
According to data from CryptoQuant, the BTC-gold correlation currently stands at above 0.85, up from -0.8 in October 2021. The correlation previously reached an all-time high (ATH) of around 0.9 in April last year.
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