Why Gold and Bitcoin Have Been Rising and Falling In Tandem

in DTube4 years ago


Gold has been used for centuries as a safe haven asset, a currency, and a means of exchange. Bitcoin is just over 10 years old, but is a new age, digital version of gold. The 2 assets have been rising and falling in tandem over the last year, but why, and what exactly does this mean?

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I took a look at your recent analysis, it looks like gold has out performed BTC over the past month.........If the two were correlated, the chart would be flat.
Against gold, a BTC holder lost a half ounce of gold

Against silver, a BTC holder lost 5 ounces of silver

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