Bitcoin-Gold Correlation Surges as Nasdaq Link Weakens

Bitcoin's 90-day correlation with gold has climbed above 50%, according to Grayscale Research, while its correlation with the Nasdaq 100 has dropped to about 33% from levels above 60%. Grayscale said the shift may reflect renewed investor focus on Bitcoin's scarcity and fixed 21 million supply, amid U.S. federal debt above $40 trillion and persistent deficits.