- Bitwise data shows Bitcoin’s 60-day correlation with US 10-Year Treasury Futures has hit an all-time low.
- The decoupling suggests investors may move away from bonds and turn to Bitcoin amid economic uncertainty.
A recent chart shared by Bitwise reveals that the correlation between Bitcoin and US 10-Year Treasury Futures has fallen to a record low. This development has drawn attention across the financial sector, suggesting that investors may change course as market uncertainty persists into 2025.
Investors Rethink Traditional Bonds as Bitcoin Stands Apart
The chart, posted by MartyParty on social media on May 29, 2025, shows Bitcoin’s 60-day rolling correlation with US 10-Year Treasury Futures has dropped to its lowest point ever recorded.
Shared by Bitwise, a firm known for its crypto research, the graph suggests Bitcoin is no longer moving in step with traditional financial assets. This separation is causing market watchers to ask if institutions are beginning to exit bonds in favor of digital currencies.
Andre Dragosch, who leads research for Bitwise in Europe, described the chart as a significant signal. According to him, the breakdown in correlation could be a sign that more prominent investors are adjusting their strategies.
Market data supports the same view, tying the movement to early 2025 volatility in Treasury yields. At that time, inflation fears and policy shifts from the Federal Reserve unsettled the bond market.
Meanwhile, Bitcoin rose sharply, drawing attention from those seeking alternatives to traditional holdings. To buttress this, in a recent post, we posted that the sons of US President Trump predicted that Bitcoin (BTC) could hit $175,000 by the end of next year.
The chart also compares Bitcoin and gold. Interestingly, it shows that both assets now share a similarly low correlation to US Treasuries.
Institutional Activity Points to a Shift in Strategy
The sharp break in correlation is not happening in isolation. Major firms have already made bold moves that reflect this. As noted earlier, Metaplanet is reportedly raising $50 million through a private placement of zero-interest bonds to accumulate more Bitcoin (BTC).
Michael Saylor’s Strategy, the world’s largest corporate Bitcoin investor, recently acquired 4,020 Bitcoin for $427.1 million between May 19 and 23, the company announced on May 26. Other companies like Semler Scientific, Galaxy Digital, and GameStop have also placed Bitcoin in their treasuries.
Additionally, as highlighted in our previous news brief, Jack Dorsey’s Block Inc. will enable Bitcoin payments across 4 million Square merchants by 2026, starting with a 2025 rollout. If anything, this firm’s actions speak to a new mindset among corporate leaders exploring Bitcoin for growth and stability.
It is essential to add that these moves are especially appealing to a younger group of investors and firms looking to adapt to a digital-driven economy. Nevertheless, the path forward requires careful handling of regulatory pressures and strategic alignment.
Based on market perception, the Bitwise chart offers more than just numbers. It reflects a moment where old rules are being tested, and new ideas are beginning to take hold.
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