Bitcoin is behaving less like a technology stock and more like gold as its correlations shift sharply, according to Grayscale. Rising U.S. debt and renewed fiscal concerns are also bringing the debasement trade back into focus. Bitcoin’s Correlation Shifts From Nasdaq Toward Gold Bitcoin’s relationship with traditional assets is changing as investors increasingly treat the […]
Source: https://news.bitcoin.com/market-updates/bitcoin-moves-closer-to-gold-as-us-debt-revives-debasement-trade/
