The correlation between Bitcoin and gold has nearly reached a historic high of 0.9. Currently, the figure stands at 0.85, according to Ki Young Ju, CEO of CryptoQuant.
Gold keeps hitting new ATHs.
BTC-Gold correlation is high; digital gold narrative still alive.
Inflation hedge demand isn’t dead yet. pic.twitter.com/mEL5CTtt9A
— Ki Young Ju (@ki_young_ju) October 14, 2025
“Gold continues to set new records. Its correlation with Bitcoin is high; the digital gold narrative is still alive. The demand for an inflation hedge hasn’t disappeared,” he wrote.
Andrei Grachev, managing partner at DWF Labs, drew a parallel with the historical evolution of gold.
“Gold was actively used as currency before becoming a store of value. Bitcoin is following this path, which explains the synchronization of asset price movements,” he commented to Cointelegraph.
The expert emphasized that capital naturally flows into assets perceived as stable stores of value.
On October 14, gold set a new price record at $4,179.48 per ounce.
At the time of writing, Bitcoin is trading around $110,800, which is 11.9% below its all-time high reached in August at $126,080.
Previously, macro analyst Luke Gromen explained the role of Bitcoin as digital gold.