LastBattle

Bitcoin is correlated to Gold?

FX:XAUUSD   Gold Spot / 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?
ya... more investors investing trying to pinpoint its worth... digital gold so why not price match the trend of gold-gold?
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not just bit coin. GBP, AUD, NZD everything was growing in the same time.... I don't understand...
+1 Reply
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