As we can see in the last 2 weeks, there is a strong positive correlation (green histogram). In the long term, this correlation will grow, because if you read the white paper of Bitcoin, it is primarily a protective asset created to fight crises of the 2008 type.
Why is gold rising now? In addition to macroeconomic reasons, geopolitical risks are added. There is increasing instability in Europe and the Middle East. In such situations, gold, and with the future approval of ETFs - #Bitcoin, looks like a good defensive asset.
Why is gold rising now? In addition to macroeconomic reasons, geopolitical risks are added. There is increasing instability in Europe and the Middle East. In such situations, gold, and with the future approval of ETFs - #Bitcoin, looks like a good defensive asset.
