LastBattle

Bitcoin is correlated to Gold?

FX:XAUUSD   Gold/U.S. Dollar
Thoughts about this? Ever since June, Bitcoin have been in an almost perfect sync with Gold's movement.

I don't see such a relationship for the past 3 years of Bitcoin's history, could it be due to the strong Dollar or Bitcoin is currently being controlled by the same algorithms of some institutions?
IvyBai
2 years ago
not just bit coin. GBP, AUD, NZD everything was growing in the same time.... I don't understand...
+1 Reply
Ni6HTH4wK PRO
2 years ago
ya... more investors investing trying to pinpoint its worth... digital gold so why not price match the trend of gold-gold?
Reply
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