The Interrelationship Between Gold And Bitcoin

In recent times with the drop in Bitcoin prices, researchers have observed a shift in the investment to Gold. The opposite was observed at the end of last year when a CNBC report suggested that investors were dumping their gold to buy bitcoins in the US.

There is an inverse relationship between gold and Bitcoin

The Week of 15th December 2017

Bitcoin crashed last week

This shows how investors having doubts with the volatality of the cryptocurrency are moving towards the traditional safe haven of the precious metal that is much more stable.

If there is indeed a serious inverse relationship between gold and bitcoin, the rising in gold investments could bring an end to the digital asset that everyone is skeptical about.
Or could this be a chance to bet on bitcoin and watch it rise?
For investment related articles, business news and mutual fund advise, subscribe to GoodReturns.