Bitcoin thể hiện mức độ nhạy cảm thấp hơn với lãi suất trái phiếu chính phủ Mỹ so với vàng, cho thấy các đặc tính "tài sản cứng" mạnh mẽ hơn

The Huoxing Finance report states that on September 7, analysis indicated that amid fiscal concerns driving up global bond yields, the correlation between Bitcoin and gold has continued to rise, with their 90-day yield correlation coefficient reaching 0.59—the highest level since 2020. However, in terms of sensitivity to changes in the U.S. 10-year Treasury yield, Bitcoin demonstrates greater independence. Data shows that the 90-day correlation coefficient between BTC and the U.S. 10-year Treasury yield is only -0.17, while gold’s correlation with the same yield is -0.41, suggesting that rising bond yields exert a relatively more pronounced downward pressure on gold. This indicates that Bitcoin has lower linkage with traditional bond markets and may possess stronger decoupling capabilities in adverse traditional financial market conditions such as rising yields. Nevertheless, changes in correlation do not imply that Bitcoin can fully avoid macroeconomic risks.