Bitcoin’s correlation with gold climbs toward all-time high
The post Bitcoin’s correlation with gold climbs toward all-time high appeared on BitcoinEthereumNews.com.
The Bitcoin–gold correlation has risen sharply. According to analysts, BTC is increasingly behaving like gold. Once seen as a speculative asset, it has now established itself as a safe haven and a store of value. On-chain data shows that the BTC-gold correlation currently stands above 0.85, up from -0.8 in October 2021. This is close to the all-time high (ATH) correlation of around 0.9 in April last year. Gold keeps hitting new ATHs. BTC-Gold correlation is high; digital gold narrative still alive. Inflation hedge demand isn’t dead yet. pic.twitter.com/mEL5CTtt9A — Ki Young Ju (@ki_young_ju) October 14, 2025 According to Andrei Grachev, managing partner at DWF Labs, the correlation shows how institutional investors perceive Bitcoin. “It was once actively used as currency before becoming primarily a store of value. Bitcoin appears to be following a similar trajectory, which explains why its price movements increasingly echo gold’s dynamics,” he said. Bitcoin’s scarcity surpasses that of gold So far, 2025 has been a year of uncertainty. Investors remain anxious due to news of potential tariffs, geopolitical risk remains elevated, and the market swings with each new announcement. To that end, investors are seeking safe havens such as gold. Gold has had a phenomenal year, returning over 30% at the end of Q3. The last time gold saw gains of this magnitude was 15 years ago in 2010. Unlike 2010, however, investors are starting to see Bitcoin as another potential safe haven to weather turbulence. Originally designed to function much like a currency, Bitcoin is now the most widely accepted crypto asset, accounting for more than 55% of the total crypto market cap. For both of them to be seen as store value, they must be scarce. Gold’s supply grows very slowly. A report from Goldman Sachs claims that new annual production adds just…
Filed under: News - @ October 14, 2025 6:29 pm