Bitcoin – Can It Compete with Gold? | Crypto Craft

  • Bitcoin – Can It Compete with Gold?

    From vantagepointtrading.com

    The last few weeks brought something interesting in financial markets – Bitcoin decoupled from two correlations that were valid for the entire year so far. One was the negative correlation with the USD. Every time the USD rallied, it did so against Bitcoin. Or, when the USD was sold during a risk-on move, Bitcoin rallied. The other one was against gold. This year Bitcoin and gold had a positive correlation. Since the March meltdown in the stock market that triggered an initial move lower on gold too, stocks corrected, and so did gold. Bitcoin followed gold closely and rose above $10k on gold surging above $2k. ... (full story)

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TudorIoan
Nov 2, 2020 10:55pm
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Quoting Not-KPMG
You mean Bitcoin the real money and Gold the fake trash????
Bitcoin is an empty code as much as gold is a chemical element, you crypto moron !
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TudorIoan
Oct 31, 2020 12:21am
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No. When the pandemic hit gold was up, bitcoin dead
Because bitcoin has nothing to do with the real economy, only with wannabe greedy investors and rabid anarchists
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Not-KPMG
Nov 1, 2020 10:19am
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You mean Bitcoin the real money and Gold the fake trash????
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