Bitcoin-gold correlation hits six-year high, but analysts question whether equity decoupling will last

Bitcoin and gold have reached their strongest correlation in six years, driven by macro factors such as rate‑cut expectations, inflation concerns and flows into perceived stores of value. Analysts say this has coincided with a recent loosening of Bitcoin’s linkage to equities. However, many caution the equity decoupling may be temporary if risk appetite returns or liquidity and ETF flows reverse. The key implication is that Bitcoin can act as a near‑term safe‑haven/diversifier, but correlation regimes are likely to shift with macro and flow dynamics.