Bitcoin is outperforming stocks and correlating with gold just when it matters most
Your day-ahead look for Aug. 28, 2026
Source: CoinDesk
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DW NOTE
Bitcoin correlating with gold during a supply shock means it's behaving like the asset class with the second-worst three-decade real return after cash. A 37% year-over-year gain sounds impressive until you note gold is still 12.3% below its January peak — six months of drawdown while oil crashes 26%, Hormuz stays shut, and yields hold at 4.66%. That's not safe-haven validation, that's two volatile assets moving in tandem through a whipsaw.