Bitcoin Moves Independently, Decoupling From Gold’s Safe-Haven Status

Recent data reveals a significant shift in the relationship between Bitcoin and gold: their correlation has dropped to -0.53, indicating a clear decoupling. This signifies that instead of moving together, Bitcoin and gold are now demonstrating opposite price movements in the short term. While historically associated as a safe-haven asset due to its limited supply and value store narrative, Bitcoin’s emergence as an independent force in the financial markets is becoming increasingly evident. The 30-day correlation between Bitcoin and gold has fallen to -0.53, highlighting this changing dynamic.