BTC MUST NOT follow Gold and this seems NOT to be the case now...
I think they are roughly correlated in terms of general direction, so if you correlate them with smoothing filter, you get very high correlation.
But they are noisy in short-term and fall out of correlation.
Also BTC is apparently much more volatile than gold.
You are trying to focus in on much shorter-term moves in price action.
We may go up or down short-term, but over next months we are going much lower.
agree. Gold and BTC correlate long term IMO. Volatility may vary, but betting on gold long term is same basket as BTC.
Which is why TPTB_needs war, bitcoin is still valuable in a fin collapse despite non-anonymity. As long as it is an accessible asset class, that is enough for panic clamor.