BeingInvested

This Gold in comparison to $BTC

The correlation is low to moderate positive. Especially during periods of geopolitical uncertainty, when both assets are a safe haven, Gold is preferable.

Bitcoin is however a risk on assets (bought when buyers can afford to take risk), whereas Gold is a risk off asset (bought during economic fear)

As of now, BTC and Gold seem uncorrelated in the charts of Gold moving up higher and BTC forming lower highs atm.

Will #Bitcoin catchup?