Bitcoin is not acting like “digital gold” because real gold and USD correlations collapsed toward zero

In 2025 and early 2026, Bitcoin's behavior has been less “digital gold” and more regime-dependent. Sometimes it trades like a tech beta, then like a rates-and-liquidity-duration trade, and only intermittently like a hedge. The real story is which macro regime makes which identity dominate next. The setup matters. The Federal Reserve held the Fed funds […] The post Bitcoin is not acting like “digital gold” because real gold and USD correlations collapsed toward zero appeared first on CryptoSlate.