Is Bitcoin Replacing US Treasuries? Shifting Investor Behavior Analysis

Bitcoin’s correlation with US 10-Year Treasury Futures has dropped to its lowest point ever, signaling a potential shift in investor behavior. Andre Dragosch, Head of Research at Bitwise Europe, highlighted this trend on Twitter, revealing the unprecedented low 60-day correlation between Bitcoin and these bonds. This raises questions about whether investors are actively transitioning from traditional bonds like Treasuries to Bitcoin.