Bitcoin's correlation with gold is strengthening while its sensitivity to Treasury yields weakens, a shift that Cathie Wood says is reassuring and points to the asset maturing into an independent monetary store of value rather than a high-beta tech stock. The trend, if it holds, could change how investors view Bitcoin's role in a portfolio, moving it from a speculative trade to a strategic holding.
A changing correlation
For years, Bitcoin traded like a risk asset, moving in tandem with tech stocks and reacting to shifts in Treasury yields
