Bitcoin’s 90-day correlation with the Nasdaq fell from above 60% to 33%, while its correlation with gold now exceeds 50%. Over the past five weeks, Bitcoin gained 22.2% compared to gold’s 13.3% rise. At the Bitcoin Asia 2026 conference in Hong Kong, Binance founder Changpeng Zhao predicted Bitcoin could overtake gold in the next bull cycle. Gold remains roughly 10 times larger than Bitcoin, though the gap is narrowing.
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