Bitwise head of research Andre Dragosch says the correlation between Bitcoin (CRYPTO: BTC) and gold has hit a six-year high as institutions stop treating them as separate trades.
Why Institutions Are Buying Both at Once
Dragosch said on the Bitcoin for Millennials podcast on Monday that the Bitcoin-gold correlation reaching its highest level since the COVID stimulus era signals a fundamental shift in how large investors allocate capital.
They are no longer choosing between gold and Bitcoin as separate debasement hedges but buying both simultaneously.
ETP flows into Bitcoin-related products have actually exceeded gold ETF flows, which Dragosch called remarkable given gold’s decades-long head start as an institutional asset.
