Beware of robber banks (RB), bad advisors.
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Bitcoin remains closely correlated with gold, says CoinMetrics
There has been wide speculation about the alleged correlation between Bitcoin and the stock market, but, according to new data, it’s Bitcoin and gold that have been moving in tandem with each other. In its latest report, Coin Metrics shows that the correlation between gold and the world’s number one digital currency by market cap is quite high and has been so for the past several months. As seen in the chart below, during the COVID-19 market selloff, Bitcoin lost more than half its value and fell into the $4,000 range, while gold was trading for under $1,500.