Draft

The short-term relationship between the prices for bitcoin and gold intensifies: the 30-day coefficient of the correlation of Pierson reached 0.54, approaching the annual maximum 0.73. This strengthens the BTC position as an asset capable of acting as an alternative to traditional protective instruments.

In February, the correlation sharply decreased to -0.67 amid the fall of bitcoin by more than 17% and gold growth by almost 2%. But, according to the analysis since 2020, such deviations are rarely long: in 17 of 18 cases, the correlation was restored within a week.

experts connect the current reversal with the general macroeconomic instability and weakening of the dollar index, which traditionally increases the demand for protective assets — both digital. The BTC from the side of institutional investors also helps to strengthen its position as “digital gold” against the background of geopolitical and currency risks.