So the correlation can very well be explained by assuming that bitcoin is rising the most at exact those times when gold needs to be supressed the most for persaving more widespread panic.
I'm fully aware that this conclusion requires two strong assumptions and I could very well be wrong, but don't let yourself be fooled into believing that two graphs that show a similar pattern are proving a direct relation of the underlying effects.
Yes of course, and in previous years I had a definite impression of a strong positive correlation instead.
I found that chart interesting just for trading / asset allocation ideas (not certainties). Imho at this right moment gold seems to me a safer bet than btc (for who is interested to keep something on the safe side).
Interesting idea yours. But then the panic-fueled btc rocket now should be flying high (?)