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Bitcoin: correlation with gold hits a record level

The correlation between bitcoin and gold has reached levels unseen since the Covid crisis.

⏱ 1 min read

Background

After a summer rebound, bitcoin went through a turbulent September 2026, according to Bilan. The market increasingly treats it as a physical commodity, close to gold.

The key points

The correlation between bitcoin and gold has reached levels unseen since the Covid crisis. It raises questions about a possible change in the cryptocurrency's status.

Analysts cite "monetary debasement" as a common driver of the two assets seen as safe havens.

Analysis

According to analysts cited by Bilan, bitcoin remains a high-risk asset, without structural support from central banks.

Further reading

Sources

tout de bon

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