Here what I found styding bitcoin corellation with gold:

- Bitcoin returns have an asymmetric response to market shocks, which is of the same direction as for major precious metals like siver etc.

- Bitcoin correlations behave completely different from Gold, in particular in market distress.

- Bitcoin is not so stable in price like gold. It is very diffucult for gold been so volatile like bitcoin.

- Bitcoin as an asset does not resemble any other conventional asset from an econometric perspective.