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Bitcoin Decouples with Gold
Bitcoin and gold have similar inflation-hedge narratives. Currently, gold has a lower inflation rate (1.7%) than Bitcoin (1.8%), but it will be a monumental flip at the halving. A simplistic inflation story would require gold and bitcoin to rise together. However, gold is getting hammered in the last few days while bitcoin is bouncing.
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Very recently, Bitcoin has been trending higher as gold crashes. They are decoupling over the last week in a very obvious way. We might expect gold to lag bitcoin during moves, but this is exactly the opposite direction. Gold is crashing while bitcoin has been bouncing.
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We actually see a slight inverse relationship with CPI for gold and
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