Blockchain Report on Nostr: Grayscale Research Head Zach Pandl notes a shift in #Bitcoin's market behavior: 📈 ...
Grayscale Research Head Zach Pandl notes a shift in #Bitcoin's market behavior:
📈 90-day correlation with Nasdaq 100 drops from 60%+ to ~33%.
🥇 Correlation with Gold surges from near 0% to over 50%.
Pandl suggests this reflects investor focus on Bitcoin's scarcity, monetary independence, & store of value. With US debt >$40T, deficits, & rising Treasury yields, the "debasement trade" is back, favoring scarce digital assets like #BTC as a portfolio diversifier & hedge against fiat devaluation.
Published at
2026-08-28 04:49:55 UTCEvent JSON
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"content": "Grayscale Research Head Zach Pandl notes a shift in #Bitcoin's market behavior:\n\n📈 90-day correlation with Nasdaq 100 drops from 60%+ to ~33%.\n🥇 Correlation with Gold surges from near 0% to over 50%.\n\nPandl suggests this reflects investor focus on Bitcoin's scarcity, monetary independence, \u0026 store of value. With US debt \u003e$40T, deficits, \u0026 rising Treasury yields, the \"debasement trade\" is back, favoring scarce digital assets like #BTC as a portfolio diversifier \u0026 hedge against fiat devaluation.",
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