2 год тому
Bitcoin's "Digital Gold" Narrative Undermined as Correlation With Gold Breaks Down
In late 2024 and into 2025, Bitcoin's price path diverged sharply from gold, weakening the narrative that it behaves like "digital gold." According to CryptoQuant's CEO, the correlation that had stayed mostly positive from 2022 to mid-2024 turned negative around the 2024 US elections, with BTC later suffering a major correction while gold climbed to new highs. As of press time, Bitcoin trades near $63,000 and far below its peak, while gold hovers around record levels and commands a market cap about 30 times larger.