Bitcoin and gold correlation reaches a six-year high amid debasement fears. Gold hitting $15,000 by December at 1.5% YES.

Bitcoin's 90-day Nasdaq correlation dropped to 33% while its gold correlation hit all-time highs, signaling a shift toward store-of-value status.

Glassnode is less convinced by bitcoin's recent divergence from U.S. equities, saying similar moves have previously been short-lived.

Bitcoin is trading with gold — something it does when investors lose confidence in the dollar.