Hi folks,
I'm new posting here but old investor. I was wondering if there's a direct correlation between bitcoin price and
www.bitcoin.com and Gold price
www.goldprice.com .
If you look at the charts in evident that gold started to drop when bitcoin did or vice versa? Is there any systematic correlation?
Thanks in advance
I would say that Gold market hasnt anything related to bitcoin or Bitcoin related to Gold since they do have different markets and in fact bitcoin is a digital asset and gold is a precious metal. Moving prices are no correlated to each other which means they are both independent when it comes to their price movements. But still if we do have the money to invest i would really put up money on bitcoin and also on gold as well because i do see the potential to rise up its price.