Willy Woo: As the market value of Bitcoin grows, its correlation with gold increases, and the correlation with dollar strength decreases.

Bitcoin investor Willy Woo said on Twitter today that as BTC's market capitalization grows (attracting more mainstream or macro investors to seek exposure rather than early adopters), we can see it and GLD (gold) The correlation is increasing (the gray line in the figure) and the correlation with the dollar strength is decreasing (the blue line in the figure).