Bitcoin Is Trading Like Gold Again, Bitwise Says the Last Time Was 2020
Key Takeaways Bitwise data through Aug. 31 shows bitcoin’s 90-day gold correlation above 0.5, a level last seen in 2020. Matt Hougan of Bitwise says own AI stocks if the U.S. grows out of $40T in debt, and bitcoin if it inflates. Treasury doubles long-bond buybacks to $4 billion from Sept. 9 as bitcoin trades…
