Correlation of Bitcoin and Gold

344
Just want to share a quick thought. During the recent crash of the crypto market (which is probably best expressed with the price of bitcoin), the price of gold spiked the other way in a similar fashion. Also, gold price had been on a decline while cryptos were going up parabolically. It's worth noting that gold is a recent hedge against stock prices and since stocks have been having an amazing year - this might also negatively affect the price of gold.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.