Bitcoin News: Bitcoin’s ‘Split Personality’ Emerges as Gold Hits Record High, Analyst Says

Key Takeaways:Gold surged to a record $3,485 after Trump’s “no inflation” remarks, while Bitcoin slumped to a two-month low.Analysts say Bitcoin’s dual role as a “store of value” and “risk asset” explains the divergence.Bitcoin’s correlation with gold has weakened in 2025 but could realign if rate cuts and inflation persist.Historically, Bitcoin rallies within 150 days of gold reaching new highs.Gold rallies, Bitcoin stumblesGold soared to an all-time high on Monday, reaching $3,485 per ounce, after U.S. President Donald Trump claimed on Truth Social that prices were “WAY DOWN” and inflation was virtually gone.Bitcoin, meanwhile, broke lower, falling to $107,290 on Coinbase — its weakest level since early July. The move marked a 13% pullback from mid-August’s all-time highs, underscoring the growing divergence between the two assets.Analysts flag Bitcoin’s “split personality”IG market analyst Tony Sycamore described the disconnect as part of Bitcoin’s “split personality.”“At times, Bitcoin is viewed as a store of value or safe haven, and at other times it’s viewed as a risk asset,” Sycamore told Cointelegraph, noting the correlation breakdown with gold in recent weeks.Similarly, Vince Yang, co-founder of zkLink, said:“Gold’s still the classic safe-haven play, while Bitcoin is more tied to liquidity and market risk. Basically, they balance each other out rather than run side by side.”Correlation could realignDespite the divergence, Sycamore argued that Bitcoin may eventually realign with gold, particularly if the Federal Reserve cuts rates into persistent inflation.“Zooming out, I suspect if Trump runs the economy red hot and the Fed cuts rates, Bitcoin’s correlation with gold will reassert itself — it’s just a question from what level Bitcoin finds its toehold,” he said.Bitcoin may lag gold, not decoupleHistorical patterns suggest Bitcoin often lags behind gold after the metal hits fresh highs. Gold’s 2020 record above $2,000, for example, preceded Bitcoin’s surge to $69,000 the following year.Analyst Joe Consorti previously noted that Bitcoin tends to follow gold’s directional bias within 100–150 days, suggesting BTC may yet mirror gold’s breakout later in the cycle, according to Cointelegraph.