Bitcoin’s volatility ratio against gold collapses to 6-year low as traditional safe haven turbulence surges

Bitcoin’s volatility relative to gold has collapsed to a six‑year low as turbulence in traditional safe‑haven markets has driven gold’s volatility sharply higher. The decline reflects a compression of Bitcoin’s volatility premium versus gold—caused more by rising gold volatility than by a marked drop in Bitcoin volatility. The narrowing gap reduces differentiation between Bitcoin and traditional safe havens, which could blunt Bitcoin’s appeal as a high‑volatility diversifier and prompt portfolio reallocation amid macro stress.