Bitcoin's Correlation with Gold Rises to Over 50% as Debt Concerns Grow
According to a research note from Grayscale published on August 27, Bitcoin’s 90-day correlation with gold has risen above 50%, up sharply from near zero at the start of 2026. This shift coincides with its declining correlation with the Nasdaq 100, which dropped below 33%. The report attributes this change to a renewed focus on Bitcoin as a store of value amid growing concerns over U.S. federal debt and monetary policy. Grayscale's Head of Research Zach Pandl described the trend as part of a
Topics: Bitcoin correlation analysis debasement trade gold U.S. federal debt