Gray Report: Bitcoin Price Trends in Sync with Tech Stocks, Not Gold

According to market news, Grayscale pointed out in its latest research report that Bitcoin's recent price movements are highly correlated with technology stocks, rather than safe-haven assets like gold.

The report's analysis shows that over the past 12 months, Bitcoin's price has been closely linked to the performance of overvalued software company stocks. When the market sold off tech stocks due to concerns about the impact of artificial intelligence on traditional software services, Bitcoin also declined. This indicates that current investors view it more as a growth asset driven by market confidence and risk appetite, rather than as a "digital gold" that can withstand volatility.

Grayscale believes that while Bitcoin possesses long-term value storage characteristics such as limited supply and a decentralized network, it is still in the early stages of proving itself as a global monetary asset compared to gold, which has a currency history of thousands of years. Recently, when gold and silver prices rose, Bitcoin did not show the same trend, but instead fell in line with high-risk growth assets.