{"id":848600,"date":"2025-05-15T23:12:23","date_gmt":"2025-05-16T04:12:23","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/15\/bitcoin-behaves-less-like-gold-more-like-tech-stocks-franklin-templeton-report\/"},"modified":"2025-05-15T23:12:23","modified_gmt":"2025-05-16T04:12:23","slug":"bitcoin-behaves-less-like-gold-more-like-tech-stocks-franklin-templeton-report","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/15\/bitcoin-behaves-less-like-gold-more-like-tech-stocks-franklin-templeton-report\/","title":{"rendered":"Bitcoin behaves less like gold, more like tech stocks: Franklin Templeton report"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div data-id=\"168242\" data-url=\"https:\/\/cryptobriefing.com\/bitcoin-correlation-tech-stocks\/\">\n<section>\n<div>\n<p><a href=\"https:\/\/cryptobriefing.com\/bitcoin\/\" rel=\"tag\"><br \/>\n                    Bitcoin                <\/a>\n                    <\/p>\n<\/div>\n<p><span><span><a href=\"https:\/\/cryptobriefing.com\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/cryptobriefing.com\/bitcoin\/\">Bitcoin<\/a><\/span> \u00bb <span aria-current=\"page\">Bitcoin behaves less like gold, more like tech stocks: Franklin Templeton report<\/span><\/span>        <\/p>\n<div>\n<div>\n<p><span>by<\/span><\/p>\n<div>\n<p><a data-author_id=\"29816\" href=\"https:\/\/cryptobriefing.com\/team\/vivian-nguyen\/\" rel=\"author\">Vivian Nguyen<\/a><\/p>\n<\/div><\/div>\n<p><time datetime=\"2025-04-11T16:54:40+00:00\"><br \/>\n                        Apr. 11, 2025                    <\/time>\n                            <\/p>\n<\/p><\/div>\n<\/section>\n<section>\n<h2>Bitcoins While there are times when the two assets move in the same direction due to big global events, this isn&#8217;t the norm.<\/h2>\n<\/section>\n<section>\n            <picture><source media=\"(min-width: 850px)\" ><img decoding=\"async\" fetchpriority=\"high\" src=\"http:\/\/cryptobriefing.com\/04670bc9-0660-4174-9443-186f9247e03c.jpg\" alt=\"bitcoins Bitcoin behaves less like gold, more like tech stocks Franklin Templeton report\" title=\"bitcoins http:\/\/cryptobriefing.com\/04670bc9-0660-4174-9443-186f9247e03c.jpg\">\n            <\/picture>\n        <\/section>\n<section>\n<section>\n<h3>Key Takeaways<\/h3>\n<ul>\n<li>Bitcoin shows stronger correlation with tech stocks rather than gold.<\/li>\n<li>Bitcoin&#8217;s correlation with the Nasdaq has reached as high as 0.7 in the past three years.<\/li>\n<\/ul>\n<\/section>\n<section>\n<p>Share this article<\/p>\n<\/section>\n<p>        <?xml encoding=\"UTF-8\"><\/p>\n<p>Bitcoin shows a stronger correlation with tech stocks than gold, according to Franklin Templeton Digital Assets\u2019 new <a href=\"https:\/\/x.com\/FTDA_US\/status\/1910717052882477271\" target=\"_blank\" rel=\"noopener nofollow noreferrer\">report<\/a>, \u201cWhen Gold Zigged, Bitcoin Moonwalked,\u201d which discusses the common narrative that Bitcoin is \u201cdigital gold.\u201d<\/p>\n<p>Franklin\u2019s digital asset team analyzed three years of data and found that the price correlation between Bitcoin and gold is weak. Research shows that Bitcoin\u2019s correlation with gold rarely exceeds 0.3 over rolling 90-day periods, meaning the two assets generally move independently.<\/p>\n<p>While they might occasionally show some co-movement, they do not consistently behave in tandem.<\/p>\n<figure><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/static.cryptobriefing.com\/wp-content\/uploads\/2025\/04\/11124634\/GoQ6hGnWQAEkZBx.jpg\"><noscript><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/static.cryptobriefing.com\/wp-content\/uploads\/2025\/04\/11124634\/GoQ6hGnWQAEkZBx.jpg\"><\/noscript><figcaption>Source: Franklin Templeton Digital Assets<\/figcaption><\/figure>\n<p>Instead, Bitcoin has shown a much stronger and growing correlation with the Nasdaq stock index, reaching as high as 0.7 in the past three years. This suggests Bitcoin\u2019s behavior more closely tracks tech equities than traditional safe havens.<\/p>\n<blockquote>\n<p>\u201cIn fact, if we regress BTC returns over the last 3 years against returns of a long-gold strategy, we find that the p-value is 0.28, meaning there is no statistically significant between the two assets,\u201d the report says.<\/p>\n<\/blockquote>\n<p>According to Franklin Templeton Digital Assets, several key factors are behind the divergence. Gold has a long-standing institutional adoption, deep liquidity, and a robust market structure developed over centuries.<\/p>\n<p>Bitcoin, on the other hand, has only recently entered institutional portfolios and remains influenced by emerging dynamics such as regulatory changes, technological innovation, and speculative flows.<\/p>\n<p>While there have been brief periods where Bitcoin and gold moved in tandem, usually during macroeconomic shocks, these episodes have been more the exception than the rule.<\/p>\n<p>The report argues that Bitcoin\u2019s inherently volatile and tech-driven nature limits its usefulness as a gold substitute in diversified portfolios.<\/p>\n<blockquote>\n<p>\u201cThe disparity in maturity, combined with Bitcoin\u2019s inherently more volatile and tech-driven nature, continues to limit its correlation with gold, making the case that the \u201cdigital gold\u201d moniker may be more aspirational than reflective of actual market behavior\u2014at least for now,\u201d the report notes.<\/p>\n<\/blockquote>\n<h2>Bitcoins Gold prices soar to fresh highs as US-China trade tensions escalate<\/h2>\n<p>Bitcoin soared past $83,000 early Friday as US Producer Price Index (PPI) data reported lower than expected at 2.7% against a forecast of 3.3%, according to TradingView <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow noreferrer\">data<\/a>.<\/p>\n<p>The decrease in PPI, along with a drop in the US dollar index below the key 100 level, has fueled optimism among crypto traders about potential bullish market conditions for Bitcoin.<\/p>\n<p><html><body><\/p>\n<div class=\"ad-banner mrec-in-article\">\n<div class=\"code-block code-block-4 ai-track\" data-ai=\"WzQsIiIsIk1SRUMgSW4tYXJ0aWNsZSAtIDMwMHgyNTAiLCIiLDFd\" style=\"margin: 8px 0; clear: both; width: 300px; height: 250px;\">\n<div class=\"ai-rotate ai-unprocessed\" data-shares=\"WzEwMF0=\" style=\"position: relative;\">\n<div class=\"ai-rotate-option\" style=\"visibility: hidden;\" data-index=\"1\" data-name=\"U2V2aW8=\">\n<div style=\"width: 300px; height: 250px\">\n<script type=\"rocketlazyloadscript\" async data-rocket-src=\"https:\/\/cdn.adx.ws\/scripts\/loader.js\"><\/script><\/p>\n<div class=\"sevioads\" data-zone=\"e895191b-6d01-4021-992d-173ebfdf2d63\"><\/div>\n<p><script type=\"rocketlazyloadscript\">\n    window.sevioads = window.sevioads || [];\n    var sevioads_preferences = [];\n    sevioads_preferences[0] = {};\n    sevioads_preferences[0].zone = \"e895191b-6d01-4021-992d-173ebfdf2d63\";\n    sevioads_preferences[0].adType = \"banner\";\n    sevioads_preferences[0].inventoryId = \"c5700508-581b-472c-8fdd-a931cdbfc8e1\";\n    sevioads_preferences[0].accountId = \"1e47efc1-ec2d-4fca-a8b9-354e249e5095\";\n    sevioads.push(sevioads_preferences);\n<\/script>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/body><\/html><\/p>\n<p>However, despite these ostensibly positive inflation numbers, major US stock indexes like the S&#038;P 500 and Nasdaq showed minimal change, reflecting ongoing concerns about the US trade war.<\/p>\n<figure><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/static.cryptobriefing.com\/wp-content\/uploads\/2025\/04\/11123741\/Bitcoin-changed-hands-at-around-82600.png\"><noscript><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/static.cryptobriefing.com\/wp-content\/uploads\/2025\/04\/11123741\/Bitcoin-changed-hands-at-around-82600.png\"><\/noscript><figcaption><\/figcaption><\/figure>\n<p>Bitcoin has experienced elevated volatility over the past week, largely in response to President Trump\u2019s sweeping tariff announcement, which rattled global equity markets.<\/p>\n<p>Despite <a href=\"https:\/\/cryptobriefing.com\/bitcoin-decoupling-us-equities\/\" target=\"_blank\" rel=\"\">early signs of decoupling<\/a>, Bitcoin continues to trade in line with tech stocks. After briefly falling below $80,000 on Thursday as the US-China trade conflict intensified, the crypto asset <a href=\"https:\/\/cryptobriefing.com\/tariff-pause-bitcoin-spike\/\" target=\"_blank\" rel=\"\">rebounded above $83,000<\/a> today on PPI data.<\/p>\n<p>At the time of publication, Bitcoin changed hands at around $82,600, up nearly 4% in the last 24 hours.<\/p>\n<p>Gold surged to new record highs on Friday as investors flocked to safe-haven assets amid rising US-China trade tensions. Spot gold climbed over 1% to $3,207 per ounce, while futures reached $3,236.<\/p>\n<p>The precious metal is now up roughly 20% for the year, outperforming most major asset classes.<\/p>\n<section class=\"article-share\">\n<p>Share this article<\/p>\n<div class=\"social-icons\">\n          <button class=\"social-icon share\" data-href=\"https:\/\/x.com\/intent\/tweet?text=Bitcoin+behaves+less+like+gold%2C+more+like+tech+stocks%3A+Franklin+Templeton+report&#038;url=https%3A%2F%2Fcryptobriefing.com%2Fbitcoin-correlation-tech-stocks%2F&#038;via=crypto_briefing\" aria-label=\"Share on x\"><br \/>\n        <?xml version=\"1.0\" encoding=\"UTF-8\"?><br \/>\n                <svg width=\"40px\" height=\"40px\" viewBox=\"0 0 40 40\" version=\"1.1\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n                <g id=\"surface1\">\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 17.867188 0.148438 C 10.839844 0.878906 4.558594 5.507812 1.707031 12.054688 C -0.132812 16.28125 -0.441406 21.148438 0.867188 25.625 C 2.480469 31.214844 6.652344 35.933594 12.054688 38.292969 C 16.28125 40.132812 21.148438 40.4375 25.628906 39.132812 C 32.332031 37.199219 37.613281 31.695312 39.347656 24.851562 C 42.054688 14.132812 35.414062 3.171875 24.667969 0.613281 C 22.304688 0.0546875 20.226562 -0.09375 17.867188 0.148438 Z M 18.132812 12.535156 C 19.839844 14.800781 21.28125 16.667969 21.332031 16.667969 C 21.386719 16.667969 23.160156 14.800781 25.253906 12.535156 L 29.078125 8.398438 L 31.253906 8.398438 L 30.785156 8.894531 C 30.519531 9.171875 28.785156 11.054688 26.933594 13.066406 C 25.078125 15.078125 23.265625 17.039062 22.90625 17.398438 L 22.265625 18.078125 L 27.265625 24.734375 C 30.011719 28.398438 32.265625 31.441406 32.265625 31.492188 C 32.265625 31.558594 30.628906 31.601562 28.640625 31.601562 L 25 31.585938 L 21.613281 27.054688 C 19.28125 23.921875 18.1875 22.574219 18.078125 22.652344 C 18 22.71875 16.105469 24.761719 13.867188 27.1875 L 9.800781 31.601562 L 8.773438 31.601562 C 8.199219 31.601562 7.734375 31.574219 7.734375 31.535156 C 7.734375 31.492188 9.851562 29.171875 12.441406 26.386719 C 15.011719 23.601562 17.148438 21.265625 17.171875 21.226562 C 17.1875 21.171875 15.066406 18.28125 12.464844 14.800781 C 9.867188 11.332031 7.734375 8.464844 7.734375 8.441406 C 7.734375 8.414062 9.371094 8.398438 11.386719 8.398438 L 15.039062 8.398438 Z M 18.132812 12.535156 \" \/>\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 11.027344 10.1875 C 11.082031 10.28125 14.441406 14.785156 18.464844 20.171875 L 25.800781 29.988281 L 27.441406 30 C 28.453125 30 29.066406 29.945312 29.039062 29.867188 C 29.027344 29.800781 25.679688 25.292969 21.628906 19.867188 L 14.238281 10 L 12.585938 10 C 11.214844 10 10.933594 10.027344 11.027344 10.1875 Z M 11.027344 10.1875 \" \/>\n                <\/g>\n                <\/svg>      <\/p>\n<\/section>\n<\/div>\n<p> Vivian Nguyen <a href=\"https:\/\/cryptobriefing.com\/bitcoin-correlation-tech-stocks\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Home \u00bb Bitcoin \u00bb Bitcoin behaves less like gold, more like tech stocks: Franklin Templeton report by Vivian Nguyen Apr. 11, 2025 While there are times when the two assets move in the same direction due to big global events, this isn&#8217;t the norm. Key Takeaways Bitcoin shows stronger correlation with tech stocks rather<\/p>\n","protected":false},"author":1,"featured_media":848601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[143933,4041],"tags":[11476],"class_list":["post-848600","post","type-post","status-publish","format-standard","has-post-thumbnail","category-behaves","category-bitcoin","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/848600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=848600"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/848600\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/848601"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=848600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=848600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=848600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}