Will the correlation between gold and Bitcoin continue? It requires a comprehensive assessment based on their attributes and the market environment. In the long term, both are regarded as "inflation-hedging assets" and tend to move together during periods of macro liquidity easing and rising geopolitical risks (e.g., the 2024 Fed rate cut expectations driving Bitcoin and gold to break previous highs simultaneously). However, short-term divergence is significant: gold relies on central bank reserves and institutional credit, with low volatility (annualized about 15%), providing stronger defense during extreme liquidity tightening or financial system turbulence; Bitcoin, on the other hand, is driven by market sentiment, ETF capital flows, and exhibits high volatility of 50%-80%, showing high Beta characteristics. Currently, gold benefits from the "de-dollarization" trend and record-high central bank holdings, while Bitcoin is temporarily adjusting due to ETF outflows and carry trade unwinding. In the future, if global supply chain restructuring deepens, gold may continue its safe-haven logic, whereas Bitcoin needs to break through regulatory disturbances and technical selling pressure. The correlation between the two will dynamically change with shifts in macro narratives. Investors can monitor the "parabolic rise" of gold and its emotional transmission to Bitcoin, but should remain cautious of short-term deviations caused by liquidity cycle shifts.