Bitcoin’s correlation with gold has reached its highest level in six years, according to a report by Bitwise. This trend reflects investors’ « debasement trade » strategy, seeking shelter from currency depreciation through these hard assets. The U.S. Treasury recently disclosed that national debt exceeded $40 trillion for the first time, undermining confidence in the dollar. Bitcoin recently traded near $81,438, climbing nearly 6% in a 24-hour period. This record correlation with gold signals a potential transformation, as Bitcoin had been priced as a risk asset for fifteen years.
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