Since Donald Trump’s recent election win, Bitcoin’s correlation with gold prices has dropped to its lowest point in almost a year. According to K33 Research, the 30-day correlation between the two stands at -0.36, the lowest since December 2023. This indicates that investors are increasingly favoring Bitcoin over traditional safe-haven assets like gold.
The potential for regulatory clarity under a second Trump term could provide a boost for Bitcoin and the cryptocurrency market. As Bitcoin gains recognition as “digital gold,” it is becoming an increasingly popular hedge against inflation and economic uncertainty. Meanwhile, gold’s appeal may be waning as some investors move their funds into the growing digital asset space.
