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$BTC IS STARTING TO MOVE MORE LIKE GOLD — NOT TECH
Something is changing with Bitcoin.
BTC’s 90-day correlation with gold has climbed to +0.50, its highest level since the pandemic, while its Nasdaq correlation has fallen to a 1-year low.
That’s worth watching.
Bitcoin could be slowly shifting away from the “high-risk tech asset” narrative and moving closer to digital gold / macro hedge territory.
If that decoupling continues, BTC’s next move could look very different from stocks.
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