Grayscale: Bitcoin detached from NASDAQ, starting to be linked to gold

Grayscale states that Bitcoin ($BTC) is detached from NASDAQ and is beginning to be associated with gold. Bitcoin ' s 90-day correlation with NASDAQ has declined from about 60 per cent to 33 per cent, while its correlation with gold has increased from close to zero to about 50 per cent. Rising debt, persistent deficits and higher rates of return are driving investors towards alternative assets such as bitcoin and gold。