**[Analysis: Bitcoin Less "Sensitive" to U.S. Treasury Yields, Hard Asset Attributes May Surpass Gold]** Deep Tide TechFlow reports on September 7, citing CoinDesk, that as concerns over the fiscal conditions of developed economies intensify, both gold and Bitcoin have recently strengthened in tandem. As of now, the 90-day correlation coefficient between BTC and gold's daily returns has risen to 0.59, the highest level since 2020. However, compared to gold, Bitcoin appears to be more "immune" to fluctuations in the bond market. Data shows that the 90-day correlation coefficient between BTC and the U.S. 10-year Treasury yield is only -0.17, indicating that rising Treasury yields have a relatively limited negative impact on Bitcoin. In contrast, the correlation coefficient between gold and the 10-year Treasury yield during the same period is -0.41. Analysts believe this suggests that Bitcoin is less tied to the forces of the bond market compared to gold. In an environment of heightened fiscal risks and expectations of financial repression, its "hard asset" attributes may become more prominent.