Digital Gold

Bitcoin

2026-09-30 11:14:08

Veteran trader Benson says Bitcoin is turning into digital gold, while the real breakout phase has yet to begin

CoinKarma founder Benson, speaking on 168X with host Mr. Z, said the current Bitcoin cycle looks very different from the three crypto bull markets he traded before. His central view is that BTC is moving away from its old role as a high-beta proxy for tech stocks and is becoming more closely aligned with gold. He pointed to the 60-day rolling correlation between Bitcoin and gold, which he said briefly reached 0.64 to 0.65. According to Benson, Bitcoin historically spent most of its time with a correlation closer to 0.2 to 0.3, and there have only been 21 days on record when that figure moved above 0.6, with 17 of them occurring in the most recent month and a half. He said the market began to confirm a bull phase when Bitcoin broke above roughly $82,000 to $82,500, and now sees $82,000 to $83,000 as an important support zone. For valuation, he prefers using the BTC/gold ratio rather than chart targets alone. Under his base case, Bitcoin could reach $150,000 to $180,000, while a stronger debasement narrative could push it into a $200,000 to $250,000 range. Benson also argued that spot Bitcoin ETFs have changed the market structure by giving institutions a compliant way to gain exposure, finance positions and allocate capital. On altcoins, he said he is no longer interested in hunting for hidden names before the market notices them. Instead, he prefers coins that have already been validated by price, naming ZEC, HYPE, UNI and NEAR as his current core themes.

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Bitcoin

2026-09-30 09:30:57

Benson Sun says Bitcoin’s main rally has not started, favors ZEC, HYPE, UNI and NEAR for altcoins

CoinKarma founder Benson Sun said in a conversation with 168X that Bitcoin is showing a structural shift this cycle, with its correlation to gold rising to historic extremes and its market behavior moving away from that of a pure high-beta tech proxy. In his view, BTC is increasingly trading between gold and equities, with a stronger tilt toward the former than in prior cycles. He said the real “main rally” in Bitcoin has not started yet, even as the market has already entered what he sees as the early stage of a bull market. Sun pointed to the $82,000-$83,000 area as a key support zone after the breakout above roughly $82,000-$82,500, and said a reasonable valuation framework for this cycle is the BTC/gold ratio rather than chart patterns alone. Under his base case, Bitcoin could reach $150,000-$180,000, while a stronger debasement-driven scenario could put it in the $200,000-$250,000 range. On altcoins, he argued that the old playbook of hunting for “hidden alpha” is less effective now. Instead, he prefers buying narratives already confirmed by price action and capital flows. His current core altcoin list is limited to ZEC, HYPE, UNI and NEAR. He also said he has rotated his ETH position fully into UNI, citing tokenized stocks and on-chain equity infrastructure as a major theme this cycle.

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Bitcoin

2026-09-08 23:39:57

Bitcoin Decouples From Stocks as Its Correlation With Gold Hits a Six-Year High

Bitcoin’s three-month rolling correlation with gold has risen to its highest level in nearly six years, while its correlation with US equities has fallen to a one-year low, according to an analysis by André Dragosch, Bitwise’s head of European research. The shift has revived the debate over whether Bitcoin can function as “digital gold.” The analysis points to an August macro event in which US 10-year and 30-year Treasury yields rose before Treasury Secretary Scott Bessent intervened and increased purchases of long-dated bonds. Bitcoin then posted a 22.4% weekly gain, its strongest since March 2024. Gold gained about 5% over the same week as US stocks fell. Bitcoin and gold last showed a similar level of correlation during the COVID-19 period in 2020, when governments introduced multiple rounds of fiscal and monetary easing. The analysis also notes Bitcoin’s pronounced negative correlation with the US Dollar Index. It does not equate Bitcoin with gold, but argues that under macro stress and currency-depreciation risk, Bitcoin is beginning to trade like a more volatile version of the precious metal.

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Bitcoin

2026-09-07 13:57:51

Bitcoin’s 90-day correlation with gold rises to 0.56 as Nasdaq linkage weakens

Bitcoin’s correlation with gold has climbed to a fresh high in the current data series, while its relationship with major U.S. equity indexes has weakened. According to ChainCatcher, BTC’s 90-day price correlation with gold rose to 0.56, above the previous peak of about 0.5 seen in November 2020 and the highest level recorded by most data providers since they began tracking the metric in 2017. Over the same period, BTC’s 90-day correlation with the Nasdaq 100 fell to around 0.3, its lowest point in a year. On a shorter 30-day window, the link between BTC and gold increased again to 0.72, while its correlation with the Nasdaq Composite stood at only about 0.22. ChainCatcher said capital flows tied to the “currency debasement trade” since August have reinforced Bitcoin’s “digital gold” narrative.

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Treasury yiel

2026-09-07 01:32:23

Rick Bensignor says 10-year Treasury yield could reach 6.07%, putting Bitcoin in untested conditions

Rick Bensignor, founder of Bensignor Investment Strategies, told CNBC that the yield on the 10-year U.S. Treasury could climb to 6.07%, up from about 4.78% at present. He said the yield remains in a multi-year uptrend and added that even 5.6% would only represent a minimum upside target. The call is not framed as a forecast for next week, but it points to a rate environment Bitcoin has never traded through before. According to the report, rising yields tend to pull capital toward safer, income-producing assets and away from speculative trades. That shift could put pressure on Bitcoin’s narrative as a hedge against currency debasement. As Treasury yields move toward levels the crypto market has not previously seen alongside Bitcoin, traders may soon get a clearer read on whether the asset behaves more like digital gold or like another rate-sensitive risk asset.

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Bitcoin

2026-09-03 05:56:07

Bitwise says Bitcoin is decoupling from stocks and moving into a digital-gold pricing cycle

Bitcoin is starting to trade less like a leveraged tech proxy and more like a hard asset, according to André Dragosch, head of research for Europe at Bitwise. In a market note translated by Foresight News, Dragosch argued that a key shift took place after a major macro event in August: U.S. 10-year and 30-year Treasury yields moved higher, and Treasury Secretary Scott Bessent stepped in by increasing purchases of long-dated bonds. After that intervention, Bitcoin posted its strongest weekly gain since March 2024, rising 22.4%, while gold climbed about 5% and U.S. equities fell. Bitwise said the more important signal was in cross-asset behavior. Bitcoin’s three-month rolling correlation with gold rose to its highest level in nearly six years, based on data from Bitwise Asset Management and the Bloomberg Terminal covering April 13, 2015 to Aug. 31, 2026. At the same time, Bitcoin’s correlation with U.S. stocks fell to a one-year low, while its relationship with the U.S. Dollar Index stayed notably negative. The firm’s view is that investors are increasingly holding both gold and Bitcoin as hedges against currency debasement, rather than treating them as competing choices.

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Bitcoin

2026-08-30 08:14:56

BPI survey finds U.S. respondents respond more to control and small allocations than the 'digital gold' pitch

A new study from the Bitcoin Policy Institute, conducted with pollster Cygnal and education group Neighborhood Bitcoin, suggests the long-running "Bitcoin as digital gold" message is losing traction with U.S. audiences. The research covered 1,516 respondents through eight in-person focus groups in Ohio and Tennessee, plus a 1,000-person message validation test, and evaluated 19 different Bitcoin narratives. "Digital gold" ranked near the bottom and often caused confusion in focus groups. The messages that performed best centered on three ideas: personal control, the ability to start with a small amount such as $10, and Bitcoin’s historical performance across four-year cycles. Messaging around safety and ease of access also improved responses when it referenced established financial firms including Fidelity and Charles Schwab. The study identified 52% of respondents as a persuadable middle, including people who were curious but still watching and those under financial pressure with no current crypto exposure. It also found that financial advisors, retirement planning specialists, and friends or relatives who already own Bitcoin were more persuasive messengers than celebrities or influencers.

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Bitcoin

2026-08-29 15:00:00

BPI Study Says 'Digital Gold' Narrative Loses Ground With Everyday Americans

BPI research suggests Bitcoin's familiar world-changing sales pitches miss the mark with most prospective buyers. The survey finds everyday Americans prefer control and micro-investing, while the 'digital gold' narrative is being dropped.

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