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Robert brown
BTC IS STARTING TO TRADE LIKE GOLD — AND THAT’S A BIG DEAL.
Something unusual is happening.
Bitcoin’s 90-day correlation with gold has jumped to +0.50, its highest level since the 2020 pandemic — and more than double where it started the year.
So what’s driving it?
U.S. debt.
With U.S. debt now above $40T and concerns around Treasury yields, liquidity, and currency debasement growing, investors are increasingly looking toward assets that can’t simply be printed.
#DailyOrbit
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