Bitcoin: The Elephant in the Room 🐘

Oh dear, it seems like the cat’s out of the bag, old chap! A certain data series has gone and upset the applecart of portfolio theory. On 29 May, André Dragosch, PhD, European head of research at Bitwise, posted a chart that’s got everyone in a tizzy. It appears that the 60-day rolling correlation between Bitcoin and 10-year US Treasury-bond futures has taken a bit of a tumble, reaching its most negative reading on record.

Bitcoin vs. 10-Year US Treasury Futures: The Battle for Supremacy

Dragosch, the clever chap, wrote, “This is probably the most important macro chart for bitcoin right now… Bitcoin’s 60-day correlation to US 10yr Treasury Futures has declined to the lowest level ON RECORD. Are traditional investors selling US Treasuries to buy Bitcoin?” Well, well, well! It seems like the plot is thickening, and the suspense is killing us!

The Rebel with a Cause

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2025-05-31 01:12