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LastBattle
Oct 15, 2014 9:54 AM

Bitcoin is correlated to Gold? 

Gold/U.S. DollarFXCM

Description

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?
Comments
IvyBai
not just bit coin. GBP, AUD, NZD everything was growing in the same time.... I don't understand...
Ni6HTH4wK
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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