Grayscale Says Bitcoin (BTC) Gold Correlation Tops 50% on Debasement Trade Revival

Grayscale research reports that Bitcoin's 90-day correlation with gold has climbed above 50%, while its correlation with the Nasdaq 100 fell to 33%. This shift signals a revival of the debasement trade, as investors view BTC as a hedge against currency devaluation. The data suggests Bitcoin is increasingly behaving like a safe-haven asset.