Bitcoin-Gold Correlation Returns to ‘Digital Gold’ Levels, Says CryptoQuant CEO

BitcoinWorld Bitcoin-Gold Correlation Returns to ‘Digital Gold’ Levels, Says CryptoQuant CEO Ki Young Ju, CEO of on-chain analytics firm CryptoQuant, said on social media that Bitcoin’s correlation with gold has returned to levels last seen during the 2020-2021 bull run, when the cryptocurrency was widely dubbed ‘digital gold.’ The observation comes as both assets have attracted renewed investor attention amid global economic uncertainty.

What the Correlation Signals Correlation measures how two assets move in relation to each other. A rising correlation between Bitcoin and gold suggests that investors are increasingly treating BTC as a macro hedge, similar to the precious metal.

During the 2020-2021 period, Bitcoin surged alongside gold as central banks unleashed massive stimulus, fueling fears of inflation. Ju’s comment points to a shift in market dynamics.

In recent months, Bitcoin has often traded more like a risk-on tech stock, moving in tandem with equities. A return to gold-like behavior could indicate that institutional investors are again viewing Bitcoin as a store of value rather than a growth asset.