---
title: Gold is soaring while Bitcoin – digital Gold – is slumping?
description: Bitcoin has shown itself to be more correlated w/risk-sensitive assets. Over the past 3yrs, Bitcoin has the highest monthly correlation w/Mag7 at 0.63. Correlation between Bitcoin and Nasdaq 100 is 0.58, between Bitcoin and S&P 500 is 0.54. Correlation between Bitcoin and Gold is very low at 0.23 - at 1 link would denote the two assets trade in sync. (HT @barronsonline) - HolgerZ, Bloomberg
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Gold is soaring while Bitcoin – digital Gold – is slumping?](https://blog.syzgroup.com/syz-the-moment/gold-is-soaring-while-bitcoin-digital-gold-is-slumping)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Apr 3, 2024, 2:05:32 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/gold-is-soaring-while-bitcoin-digital-gold-is-slumping)

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