Bloomberg: The 40-day correlation between Bitcoin and gold is approaching a historical high, potentially becoming a "safe haven" again

According to ChainCatcher, data provided by Bloomberg shows that the 40-day correlation between Bitcoin and gold is approximately 0.50, up from around zero in mid-August, and is approaching the historical high of around 0.6. Although the correlation with the S&P 500 index is higher at 0.69, and the Nasdaq 100 index is at 0.72, they have flattened out, below the record levels of a few months ago. According to Bank of America, Bitcoin's movement relative to other assets may indicate that investors believe it is becoming a "safe haven" (risk hedging tool) again. (Bloomberg)