Bitcoin-Gold Correlation Back in Action! Will Bitcoin Exceed 100,000 Dollars? Here are the Details

Bitcoin (BTC), has returned to positive territory as the rise in economic uncertainty continues to align the cryptocurrency more closely with gold, approaching $95,000 and erasing nearly two months of losses.

Bitcoin Paints a Positive Picture for 2025 While Moving Towards the "Digital Gold" Narrative

At the beginning of the year, Bitcoin, which experienced a decline of up to 18%, has gained approximately 1.5% in value since December 31. Its performance is between gold, which has gained 24% since the beginning of the year, and Nasdaq 100, which has lost more than 7%.

As a result, the perception of Bitcoin is starting to shift away from being seen as a speculative technological asset and more as digital gold. However, the nuances of this transition continue.

According to the correlation data analyzed based on the 30-day moving average, Bitcoin currently shows a strong correlation of 0.70 with gold, while its correlation with Nasdaq 100 has dropped to 0.53.

Correlation coefficients range from 1 ( perfect positive correlation ) to -1 ( perfect negative correlation ), and the current data of Bitcoin shows that it behaves more like safe-haven assets than high-beta technology stocks.

Meanwhile, global uncertainty is increasing. Earlier this month, the U.S. raised tariffs on Chinese goods by 145%. According to a Bloomberg report, this move has led to a decrease in cargo shipments and has caused major retailers like Walmart to warn of potential product shortages and price increases. This situation recalls the early days of the COVID-19 pandemic.

The strengthening of the bond between Bitcoin and gold comes at a time when investors are increasingly seeking assets that can withstand inflationary pressures and geopolitical tensions. As Bitcoin approaches new highs, its evolving narrative may continue to attract the interest of both traditional finance and cryptocurrency investors.