{"id":50033,"date":"2026-08-28T22:58:59","date_gmt":"2026-08-28T22:58:59","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=50033"},"modified":"2026-08-28T22:58:59","modified_gmt":"2026-08-28T22:58:59","slug":"bitcoins-tie-to-gold-has-reached-a-level-bitfinex-says-its-history-keeps-breaking","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=50033","title":{"rendered":"Bitcoin’s tie to gold has reached a level Bitfinex says its history keeps breaking"},"content":{"rendered":"

Bitcoin now moves almost in sync with gold.<\/strong> Bitfinex analysts say that link has mounted to a reading its own history keeps breaking.<\/strong><\/p>\n

The exchange\u2019s case is based on the idea that investors who are worried about government debt and loose monetary policy look to both metals and crypto as a safe place to put their money.<\/p>\n

The Delta-Thermo multiple reads 2.03 against a 2.5x trigger<\/span><\/h3>\n

In a post on August 28, 2026, Bitfinex said BTC and gold were versions of the same debasement hedge, with Bitcoin being the \u201chigher-beta version.\u201d The correlation, the analysts wrote, is \u201cnear the top of a range it never holds for long.\u201d<\/p>\n

\n

\u201cThe BTC to gold correlation is near the top of a range it never holds for long.\u201d wrote<\/a> Bitfinex on X.<\/p>\n<\/blockquote>\n

When two assets track each other so closely, something usually forces them apart. The next stress test was flagged by Bitfinex, which said a risk-off shock would uncover \u201cwhether bitcoin holds with gold or falls with stocks.\u201d<\/p>\n

The firm sees Bitcoin\u2019s cycle turning past the gold link. In another post on August 27, Bitfinex said the asset had \u201cleft accumulation\u201d and entered expansion.<\/p>\n

Its Delta-Thermo Market Multiple was 2.03, just below the 2.5x level the model uses to signal the start of a bull phase, with a 3.5x distribution top further out.<\/p>\n

Analysts were clear that they read this \u201cas the start of the bull phase, not a run into a top.\u201d<\/p>\n

\"Bitfinex
Source: Bitfinex via X.<\/figcaption><\/figure>\n

Warsh used his Jackson Hole debut to hint at rate hikes<\/span><\/h3>\n

On August 19, Treasury Secretary Scott Bessent doubled each of the government\u2019s long-dated bond buyback operations to a floor of $4 billion, up from $2 billion, Cryptopolitan<\/a> reported, with the schedule running September 9 through November 4.<\/p>\n

Long-term yields rose to near two-decade highs, with the 30-year at 5.337% on tepid demand. The signal came in, the dollar fell, gold got a bid, and Bitcoin rallied.<\/p>\n

Bitfinex linked the current scenario to a similar period in 2024, where strategists at JPMorgan attributed the move to \u201cconcerns about \u2018debt debasement\u2019 due to persistently high government deficits.\u201d<\/p>\n

Federal Reserve chairman Kevin Warsh made his Jackson Hole debut with a hawkish stance, stressing that the 2% inflation goal was still at large and hinting at upcoming interest rate hikes.<\/p>\n

Higher rates go against the debasement narrative that Bitfinex says is driving the trade.<\/p>\n

Crypto\u2019s fear and greed<\/a> index hit 81, its first \u201cextreme greed\u201d reading in 616 days, and funding rates also hit a 20-month high.<\/p>\n

Short-term holder whales cashed in profits of about $1.2 billion from August 20 to 22. A rally leaning on borrowed money and meeting whale selling is the kind of flimsy setup a risk-off jolt might lay bare.<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

If you’re reading this, you\u2019re already ahead. Stay there with our newsletter<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin now moves almost in sync with gold. Bitfinex analysts say that link has mounted to a reading its own history keeps breaking. The exchange\u2019s case is based on the idea that investors who are worried about government debt and loose monetary policy look to both metals and crypto as a safe place to put […]<\/p>\n","protected":false},"author":1,"featured_media":50034,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-50033","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"yoast_head":"\nBitcoin's tie to gold has reached a level Bitfinex says its history keeps breaking - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=50033\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin's tie to gold has reached a level Bitfinex says its history keeps breaking - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin now moves almost in sync with gold. 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