Bitcoin's 90-day correlation with gold rose to 0.68 in May 2026, the highest level recorded, as macro investors increasingly treated both assets as inflation hedges in an uncertain rate environment. The strengthening correlation was cited by several macro hedge funds that were increasing BTC allocations alongside gold positions. The 'digital gold' narrative has gained significant traction among traditional macro investors.
The development marks a significant shift in the bitcoin landscape as market participants adjust their positioning. On-chain metrics and exchange data confirm growing interest from both retail and institutional investors in this space.
Industry analysts suggest the implications extend beyond short-term price movements. The broader ecosystem is closely watching subsequent developments that could set precedents for the next phase of adoption.
As the situation continues to evolve, CryptoGaz will provide real-time updates and in-depth analysis. Bookmark this page and follow our Bitcoin coverage for the latest developments.