Cathie Wood Sees Bitcoin Price Breakthrough as Gold Link Strengthens
Key TakeawaysBitcoins 90-day gold correlation rose to 0.57 as Nasdaq-100 correlation fell to 0.22.Cathie Wood says the shift supports bitcoins case as a maturing monetary asset, not just a tech trade.A break above $83,000 could confirm the shift; failure may revive pullback risk. Bitcoin-Gold Correlation Climbs as Treasury Sensitivity Weakens Bitcoin‘s price is behaving less like the Nasdaq and more like gold, a shift that could have major implications for how investors value the world’s largest cryptocurrency. Glassnode data shows bitcoins 90-day correlation with gold has climbed to about 0.57, from 0.21 in March. Over the same period, its correlation with the Nasdaq-100 fell to 0.22 from 0.57. Other market estimates put the bitcoin-gold correlation around 0.59, its highest since 2020. Source: Glassnode Yet the more important divergence may be happening elsewhere. Gold‘s correlation with the U.S. 10-year Treasury yield stands near -0.41, while bitcoin’s is roughly -0.17, suggesting BTC has recently been less sensitive to rising borrowing costs. For investors, that combination is unusual: bitcoin is increasingly joining the hard-asset trade without moving in lockstep with the same macro pressures weighing on gold. Cathie Wood Sees a Breakthrough Against Gold ARK Invest founder Cathie Wood highlighted bitcoins recent strength relative to gold, while stopping short of declaring









