Bitcoin’s volatility ratio against gold collapses to 6-year low as traditional safe haven turbulence surges

- Bitcoin is officially the boring one now. The 90-day correlation with gold just hit ~0.55 — highest since 2020 — while BTC's volatility sits at just 1.43x gold's, down from 5.6x in 2021. Gold slid 7% from $4,700 to $4,342 as Treasury yields climbed; BTC shrugged it off and sits above $80,000. Even Eric Balchunas had to admit Bitcoin has been less correlated to US stocks than gold has. The "digital gold" thesis is quietly passing its first live audit, and nobody sent out a press release. Meanwhile gold — the ancient safe haven — is throwing a 93rd-percentile volatility tantrum while Bitcoin y