Bitcoin is not in its ‘digital gold’ period, asserted the CEO and founder of the analytics company CryptoQuant. He based his conclusion on the fact that the correlation between the largest cryptocurrency and the biggest precious metal has diverged massively in the past several months.
Bitcoin is in a “not digital gold” period. pic.twitter.com/ka90HG8zmx
— Ki Young Ju (@ki_young_ju) February 24, 2026
When we examine the price performance of bitcoin and gold more closely, we can clearly see where this difference comes from. The correlation between the two was mostly in the green between 2022 and mid-2024.
Then, they broke out, going into red territory for the first time in years during and after the US presidential elections at the end of 2024. BTC skyrocketed to new peaks, while gold trailed behind.
Once the precious metal started to catch up, the correlation jumped to and over 0.5 by Q3 and early Q4 of 2025. However, that’s when the entire landscape in crypto broke, while
We współpracy z: https://cryptopotato.com/the-digital-gold-narrative-fails-bitcoin-again/
