Bitcoin Is Trading Like Gold Again, Bitwise Says the Last Time Was 2020
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Bitwise reports that Bitcoin’s recent price behavior has shown a strong correlation with gold, a pattern they say was last observed in 2020. The firm interprets this synchronicity as investors treating Bitcoin more like a store of value amid macroeconomic uncertainty. The key implication is that Bitcoin may be increasingly behaving as a safe‑haven asset, potentially drawing inflows from investors seeking gold‑like exposure and altering its role in diversified portfolios.
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